What is the control period on an affordable unit home, and what does it mean?
The control period is a set period of time beginning on the settlement date of the initial sale of the affordable unit home and either 15 years for IHO units or between 5 and 20 years into the future for re-zonings. During the control period, the affordable unit must be sold at a restricted price to an income-qualified buyer. The control period is not re-set or restarted with the resale of any unit.
