- Riverstone HOA
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“Your Community Foundation Committee” (YCFC) gives residents the comfort and pride in knowing that the unsurpassed quality they’ve come to expect from Johnson Development Corp. (JDC) award-winning communities will be maintained, sustained, and even enhanced throughout the years!
YCFC is funded through foundation fees (.25%-1.00% of the sales price of the home) collected at each closing. As a deed covenant, each time a property is re-sold, a contribution is once again made to YCFC. Hence, as YCFC grows— so does the master- planned development. YCFC funds help create a profound sense of community, above and beyond the boundaries of a traditional community association, through the sponsorship of unique programs, activities, and enhancements in and around all JDC communities.
“One of the newest housing trends in the nation is the establishment of Community Foundation Committees which provide a unique revenue stream that makes it possible for developers like JDC to provide a higher level of services and resources in a manner less intrusive than the standard method of assessments. YCFC at Riverstone helps to improve both the Riverstone development as well as the surrounding community, thereby enhancing our residents’ most valuable asset—their home.”
Trey Reichert, General Manager, Riverstone
YCFC, an appointed group of community members, works in concert with the Riverstone Homeowners Association by reviewing requests for funding and making recommendations of projects believed to best reflect the needs and interests of the Riverstone community. YCFC funds support expenditures including, but not limited to:
While YCFC is on the vanguard, it is patterned after successful models in outstanding residential communities throughout the country including Sienna in Fort Bend County, Texas; Tuscan Lakes in League City, Texas; Spring Island in Beaufort, South Carolina; Summerwood in Panama City Beach, Florida; and Castle Hills in Dallas, Texas.