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' t1 =1/ ~b% 157/ lc: .:+1 <br />C7 <br />~.. <br />13 <br />-_ A-D~INISTRATNE POL,ICX <br /> '~'OVYht OF CA.RRBORO <br /> NORTil< CAfiOLINA <br />DErAR7MEr+r: r+Uht°ER: R,tVUtON: lrtECTtvtDArs: rAOe I or 2 <br />Planning 540-I 0 February 18, 1997 <br />SV9IECT: ~REMREDSY: ~~./ AtfRDVYD <br />Land Use and Duitding Permit Roy Williford ~/Id,.~a-... <br />Fee Waiver Policy Planning Director own Manager <br />1.0 P OSE <br />To establish fens waiver policy for land use and building permitg~ <br />2.0 012GANIZATIONS AFFECTED <br />All departments and divisions _ <br />3.0 REFERENCES <br />4.0 OF LICY <br />• The Town of Carrboro in its desire,to firrtlicr affordable housing opportunltics hereby <br />establishes a Permit Fee Waiver Policy. This policy was adopted by the Carrboro Board <br />of Aldermen on February 11, 1997. <br />5.0 AEFINITION~ <br />Affordable housing is defined as: <br />I. A dwelling unit that can be purchased by families yr persons with incomes that arc <br />less khan 80% of the median income for Orange County as reported by the_US Dept. <br />of Housing and Urban Development and w~ier~c Cie total-monthly housing cost <br />(including mortgage payments, utilities, truces, and insurzance) will not exceed 30% of <br />their total monthly income. <br />2. A dwelling oral that can be routed by fanulies or persons with incomes that arc less <br />than 60% of the median income for Orange County as reported by the US Dept, of <br />Housing;- and. Urban Development and where the total monthly housing cost <br />(including;rent payments, utilities,~taxes, and insurance) will not exceed 30 % of their <br />• total monthly income. <br />6.0 PROCEAURE <br />Subject to budgetary constraints, the IIoard of Aldermen may consider granting a fee <br />waiver (excluding engineering fees) for affordable housing projects that are no being <br />developed on property owned directly or .indirectly by the Town of Carrboro that can <br />clearly demonstrate compliance with the following criteria: <br />• V_l. The fee waiver will directly benefit families or persons of low to moderate income <br />over a sustained period of time, <br />