Pinion Park Norwood Deed Restriction Information

A deed restriction is a covenant that controls the use, occupancy, and sale of a property to ensure that the purchaser and all future owners of the property are qualified and that the home remains affordable.

Through deed restrictions, Rural Homes supports locals who want to become homeowners and builds affordable communities where all residents can thrive.

All Rural Homes properties in Pinion Park Norwood are deed restricted.

UNDERSTAND THE PINION PARK DEED RESTRICTION

  • Self-Qualification Form: Complete this form to understand the basics of the Pinion Park in Norwood Deed Restriction.

  • Deed Restriction Summary: Please review this summary of the Pinion Park Deed Restriction.

  • The Covenant, or the legal agreement, as well as the full detailed guidelines and application, can be found here on the San Miguel Regional Housing Authority (SMRHA) website.

  • Important Exceptions to the Deed Restriction currently in place:

    1. Certain units can now be purchased by those who earn more than 120% AMI for a slightly higher price. What is your AMI? Review the calculator here and contact Rural Homes for specific pricing and other questions.

    2. All available Pinion Park homes are considered 2-bedroom houses for the purposes of the deed restriction. That means the homes can be occupied by a single-member household (one person) without the requirement to rent any rooms.

    3. Buyers do not need to physically work in the Norwood R2 School District.

Questions? Contact the San Miguel Regional Housing Authority at admin@smrha.org or 970-728-3034.