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Deed Restrictions
A Deed restriction is a legal covenant that limits a property’s use, typically to ensure affordability and maintain the vitality of a community. It is recorded with the county and stays with the property, meaning it applies to all current and future owners, not just the original buyer. The Grand Junction Deed Restriction Basics are as follows:
Income Restriction: 100% of the Area Median Standard (see chart). Buyers must income qualify for the initial purchase of the home. See the chart below for the maximum adjusted gross income a household may earn. The more members of the household (children included), the higher the maximum income limit.
Net Asset Standard: Total net assets shall not exceed 3 times the Original Purchase Price
Residency Requirement: Your Juniper Grove must be your primary residence and cannot be leased.
Property Ownership: In general, no member of a Household can own any other Improved Residential Property. If you do, you must sell it within a year.
Lottery Application Process |
Lottery Application Process |
Lottery OPENS
The Lottery Checklist and Application, as well as Deed Restricted documents are available online at Grand Junction Housing Authority .
Please send a secure email to GJHA or drop-off a completed application.
Monday, August 10th at 12 PM
Exception application deadline
If you need to request an Exception for a co-borrower or unconventional loan, your Exception Application must be submitted by this deadline
Thursday, September 24th at 12 PM
Lottery closes
Only complete Applications will be entered into the qualified lottery pool. No late and/or incomplete Applications will be accepted. If Household members appear in more than one Lottery Application, all of those Applications are invalid and the Applicants will be disqualified.
Friday, September 25th at 12 PM
Appeal Deadline
If you believe your Household has submitted a complete Application before the lottery closed or staff made a mistake during processing, appeal immediately in writing to GJHA.
Tuesday, October 13th at 12 PM
lottery drawing
The lottery drawing will be held at a central location in Grand Junction. The lottery will also be streamed via Zoom. Results to be posted online by 7pm.
Tuesday, October 20th at 12 PM
construction site tour days
Following the lottery and prior to home selection, lottery applicants will have the opportunity to walk the different homes under construction in the Juniper Grove neighborhood.
Wednesday-Friday, October 21st-23rd
home selection
Lottery participants will be contacted in the order in which the names were drawn to select a home for purchase based on purchasing capacity and availability. It may take a few days to call all lottery winners.
Monday, October 26th
contracts signed
We will prepare individual Real Estate Sales contracts and we will contact you to set-up your appointment to sign!
Beginning Wednesday, October 28th
closing & move in
Once the buyer completes the mortgage process and the Certificate of Occupancy is issued, Rural Homes staff will conduct a final walkthrough with the homeowner leading up to the official closing.
Beginning Late November