Agenda - 04-07-1998 - 9b - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. ~_ ACTION AGENDA ITEM ABSTRACT Meeting Date: April 7, 1998 SUBJECT: Request for Impact Fee Reimbursement -UCC Living Centers, Inc. DEPARTMENT: Housing and Community Development PUBLIC HEARING: (Y/N) 1Vo BUDGET AMENDMENT: (Y/N) No°, ATTACHMENT(S): INFORMATION CONTACT: None Tara L. Fikes TELEPHONE NUMBERS: - -ext. 2490 Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 227-2031 PURPOSE: To consider approval of an impact fee reimbursement request from United Living Centers, Inc. in the amount of $120,000. BACKGROUND: UCC Living Centers, Inc., a 501(c)(3) organization, is nearing completion of a 40 unit apartment complex for elderly citizens with very low incomes through the HUD sponsored Section 202 Program. The complex has been named Covenant Place and is located in Carrboro at the corner of Culbreth and Smith Level Roads. The anticipated completion date is Apri128, 1998. UCC Living Centers, Inc. has formally requested that the Board of Commissioners reimburse the cost of the $3,000 school impact fee that is due on each of the 40 new housing units. The apartments will provide subsidized rental housing for elderly persons 62 and older with income at 50% or below of the median income for the Raleigh, Durham, Chapel Hill, NC Metropolitan Statistical Area. Thus, according to the 1998 HUD published median income for this area, this housing will be available to an individual earning $19,150 or less, or a couple earning $21,900 and less. The monthly rent for these one bedroom apartments is scheduled to be $355 including utilities which is well below the HUD published Fair Market Rent of $474. At this rent level, no family will pay more than thirty (30) percent of their income for housing costs. On March 4, 1998, the BOCC approved a revised Impact Fee Reimbursement Policy Concerning Affordable Housing for Low Income Individuals. UCC Living Centers, Inc., as a 501(c)(3) organization developing affordable rental housing for persons with incomes at or below 50% of area median income, meets the eligibility criteria as outlined in the Reimbursement Policy. Further, while HUD requires the property to remain affordable for 20 years, UCC Living Centers, Inc. has agreed to certify that the property will remain affordable for a period of 99 years as required by the policy.