Copperleaf at Riversound by Brookfield Residential
Opportunity Details
OD 749 - 141 Compass Drive - Price reduced $511,255!
Three-bedroom townhome
If you missed the Entry deadline, you may still enter and upload your supporting documents!
Program Documents & Disclosures
Resale Restriction, Excess Sales Proceeds Note, and Deed of Trust
This program requires you to sign a Restriction Agreement with a TBD-year term.
Understanding the intricacies of the program documents is crucial when considering participation in a housing program. Deed restrictions, agreements, promissory notes, and deeds of trust are all legal instruments that can significantly impact the rights and obligations of property owners. For instance, deed restrictions can limit how a property is used, who you can sell it to, refinancing, and upgrading the home, and it requires the owner to occupy the home. It also sets conditions for its future sale, which includes a cap on the resale value and/or an equity share, depending on the program. Similarly, a promissory note is a binding promise to repay a loan and/or excess sales proceeds (the difference between the home's fair market value and the maximum restricted resale price), and a deed of trust secures the promissory note by placing a lien on the property. Click below to access & review the documents to ensure this program is for you. You can hire an attorney to help you understand the Program Documents you’ll sign and promise to abide by.
Opportunity Drawing 749
141 Compass Drive
3 Bedroom Units
Sales Price: $586,686
Price Reduced to $511,255
Monthly HOA: Estimated $433.55
Approx. Sq. Ft.: 1,880
Solar Costs:
-Estimated Lease Cost $195/mo
- Estimated Purchase: $16,780
CFD/Mello Roos: Estimated $486.81 (not including regular property taxes)
Property Designated AMI: Moderate
Occupancy Standard: Household Minimum None, Maximum 5 people. Owners must occupy the home.
Resale Restriction Terms: 45Years (Review the documents)
First-Time Home Buyer Requirement: None (First-time homebuyers must still complete the HUD-approved first-time homebuyer course)
Please refer to the ODN (Right) for additional information
Important Deadlines
Start Entering Drawing on: 1/30/2026
Accepting Applications! If you missed the Entry deadline, you may still enter and upload your supporting documents!
Estimated minimum household income: $145,483
Estimated Cost Breakdown
Interest may change; speak to your Loan Officer. Also, check with the County Tax Assessor for additional taxes that may not be reflected here.
RESOURCES
Register for HUD Approved 1st Time Homebuyer course
Lender List and Forms: Click Here
Property Location
Please do not visit the site due to safety requirements. Viewings are by appointment only for final candidates.
Historical Timelines
OD 749: Drawing Entry Deadline: 2/16/2026 5:00 pm / Ranking results 2/19/2026 / File Submission Deadline: 2/24/2026 5 pm
