Civic IQ
FINANCIAL_SERVICESPENDING

Summit County Secures Affordable Housing Lien Rights

Summit County established an Appreciation Limiting Promissory Note and Deed of Trust structure tied to the Restrictive Housing Covenant for Summit Habitat at Soda Creek. The County’s lien and trust deed secure compliance with resale price limitations and other covenant obligations while preserving foreclosure and redemption rights subordinate only to a First Mortgage. These instruments support long-term affordability and regulatory enforcement for the deed-restricted units.

Document date · August 24, 2026

Issuing agencySummit CountyVendorSummit County

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Perpetual deed restriction; covenant runs with the land, subject to rule against perpetuities limitations
Renewal
Lien created by recording the Restrictive Covenant and reinforced by execution of an Appreciation Limiting Promissory Note and Deed of Trust with each unit sale; survives transfers and may be enforced or foreclosed as needed. No fixed renewal; continues so long as obligations under the covenant and note remain outstanding.
Document type
Agreement
Source document
Summit County Agreement Restrictive Housing Covenant and Notice of Lien for Summit Habitat at Soda Creek 2026-08-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Summit County?

Summit County was awarded this financial services contract by Summit County, as recorded on August 24, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Summit County Agreement Restrictive Housing Covenant and Notice of Lien for Summit Habitat at Soda Creek 2026-08-24 (Agreement), dated August 24, 2026 from Summit County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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