Frequently asked questions about the income qualified residences
Q. What if I need to sell my residence at Monarch Mills before 20 years?
A. You may sell your residence before the 20 years has expired but we have set requirements you must follow regarding the deed restriction before you market for sale.

Q. Why have a deed restriction?
A. At this point in time, deed restrictions are a good idea. The deed restriction states that should you sell your home within the initial 20-year period, you may sell it for the original purchase price plus 3% annually, plus the value of specific capital improvements.The rule also states that you can only sell to a party who meets the affordable standards. The reason this is a good idea is because it continues to allow more people to purchase a home in downtown Denver comfortably and affordably.