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Results of Eligibility Review <br />1. income Eligibility <br />Family # Annual Income Family Size Percentage of <br />Median Income <br />1 $25,114 5 < 50% <br />2 $45,480 5 < 80% <br />3 $44,614 5 < 80% <br />4 $30,040 4 < 50% <br />5 $39,874 6 < 60% <br />6 $46,902 4 < 60% <br />7 $50,000 4 < 70% <br />2. All homes have the required recorded Declaration of Restrictive Covenants that <br />provide a 99-year long-term affordability provision. <br />3. Documentation of Impact Fee Payment Yes. Habitat paid the fees at the time of <br />issuance of the Certificate of Occupancy. Actual reimbursement will take place at the <br />time that the County's Impact Fee Agreement is executed by the Habitat for Humanity <br />of Orange County, NC and recorded in the Register of Deeds Office. <br />FINANCIAL IMPACT: During the County's budget formulation process every fiscal year, local <br />non-profit organizations developing affordable housing have provided estimates of the <br />anticipated need for impact fee reimbursements based on their construction plans. The <br />County has then budgeted money for this purpose based on the availability of funds. Over the <br />years, requests for reimbursements have primarily come from the Community Home Trust and <br />Habitat for Humanity. <br />The current balance in the FY 2011 - 2012 budget is $170,000 and expenditure of $53,312 <br />will leave a balance of $116,688. <br />RECOMMENDATION (S): The Manager recommends that the Board approve $53,312 for <br />impact fee reimbursement to Habitat for Humanity of Orange County, NC, Inc. <br />