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The request has been reviewed in accordance with the above stated eligibility criteria and determined <br />eligible for reimbursement. <br />Results of Eligibili Review <br />1. Household Income: <br />a. Family #1: Family of two Annual Income: $20,341 <br />b. Family #2: Family of four Annual Income: $23,920 <br />c. Family #3: Family of two Annual Income: $17,514 <br />d. Family #4: Family of four Annual Income: $30,680 <br />e. Family #5: Family of three Annual Income: $16,952 <br />f. Family #6: Family of three Annual Income: $15,916 <br />g. Family #7: Family of three Annual Income: $15,960 <br />h. Family #8: Family of three Annual Income: $16,120 <br />i. Family #9: Family of four Annual Income: $22,880 <br />j. Family #10: Family of three Annual Income: $21,320 <br />k. Family #11: Family of two Annual Income: $11,934 <br />All incomes are less than 60% of the area HUD published median income. <br />2. Purchase Price: <br />$67,500 <br />3. Certification of 20 year Affordability: <br />Habitat for Humanity of Orange County, NC, Inc. certifies in writing that the eleven homes <br />will remain affordable to families earning less than 80% of the area median income for at least <br />twenty years. Habitat retains a right of first refusal for the life of its mortgage (20 to 30 years) <br />on all homes it sells, and will buy back any of the homes that would otherwise be sold to non- <br />income eligible buyers. <br />4. Documentation of Impact Fee Payment Yes <br />FINANCIAL IMPACT: <br />There is a line-item in the current year budget for impact fee reimbursements. The current balance is <br />$126,000. <br />RECOMMENDATION(S): <br />The Manager recommends approval of the impact fee reimbursement request from Habitat for <br />Humanity of Orange County, NC, Inc. for $33,000 for eleven new homes in New Homestead Place. <br />