Some units in the City of Ann Arbor have covenants or deed restrictions, requiring them to be affordable over a period of time. Find information about the units, their locations, requirements, applications and other materials.
A covenant agreement was placed on property with the City of Ann Arbor during the development process. The purpose of the covenant agreement is to preserve affordability within the City of Ann Arbor. These units are considered "affordable units" as the unit sale price is listed at a lower price than the market rate.
The homebuyer must meet all of the following guidelines:
The homebuyer submits an offer to purchase the unit to the seller’s agent. In addition, the homebuyer must submit the following to our office: