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<br />13 <br />•. <br />-__ AD~INISTRATIV~ PO~,ICX <br /> TO'VYI~ OF CA.RRBORO <br /> NORTA CAROLINA <br />DEIARTMEM: NUM°flR: IlLYOtOH: lPFECTIVCOATB: tA06 I o~ 2 <br />Planning 540-[ 0 Fcbniary 18, 1997 <br />SU61BCr: ~REMREDbY: ~~~ AftRDVEO <br />Land Use and Duilding Permit Roy Williford ~or~a~ <br />Fte Waiver Policy Planning Director own Manager z <br />1.0 PU~I2 OSE <br />To establish fees waiver policy for land use and building permit <br />2.0 ORGAMZA~IONS AFFECTED <br />All departments and divisions _ <br />3.0 REFERENCES <br />4.0 OF LILY <br />'Ihe Town of Carrboro in its desire. to furtltcr affordable housing opportunities hereby <br />establishes a Permit Fee Waiver Policy. This policy was adopted by the Carrboro Board <br />of Aldermen oa February 11, 1997. <br />5.0 AEFINITION~ <br />Affordable housing is defined as <br />I. A dwelling unit that can be purchased by families or 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 grid wee Cie iota1-monthly housing cost <br />(including mortgage payments, utilities, taxes, and insurance) will not exceed 30% of <br />their total monthly income. <br />2. A dwelling unit that can be rented by farttilies or persons with incomes that arc less <br />than ti0% of the median income for Orange County as reported by the US Dept, of <br />Housing:- and Urban Development and whec~ the total monthly housing cost <br />(ineludiitig rent payments, utilities,~taxes, and insurance) will not exceed 30 % of their <br />total mnrahly income. <br />6.0 PROCEDURE <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 cart <br />clearly demonstrate compliance with the following criteria: <br />~,1. The fee waiver will directly benefit families or persons of low to moderate income <br />• over a sustained period of time, <br />