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4 <br /> Letter to John Link <br /> Reimbursement of Impact Fees <br /> January 27, 1997 <br /> Page 3 <br /> Understanding of "According to the 1990 census, there are approximately 3024 <br /> need from <br /> supporting senior citizens with low-incomes in Orange County -- with 440 in <br /> documents from Chapel Hill-Carrboro. The combined Section 8 and public housing <br /> the 1995 waiting lists in Orange County has 1218 applicants. Given that <br /> HUD. <br /> application to 22% of those in the low and very low income brackets are elderly, <br /> it may be surmised that there are 125 elderly adults in immediate <br /> need of supportive housing, In a recent publication by the NC <br /> Housing Finance Corporation, Orange County ranked number one <br /> in the percentage of low-income households with housing problems <br /> in for all North Carolina counties." <br /> UCC Living UCC Living Centers, Inc. got involved in order to help create and <br /> Centers organized provide housing for elderly citizens whose income cannot provide <br /> to respond to a <br /> community need adequate, safe and affordable housing. We are a local, Orange <br /> and a land County, nonprofit [501(c)(3)], faith-based group that hits been able <br /> opportunity. to leverage opportunity and HUD funds to create housing. HUD <br /> However,it <br /> cannot be an funds for construction and rent subsidies do not include funds for <br /> instrument for impact fees. Therefore, we need your assistance with the Orange <br /> housing without <br /> the county's County school impact fees. Without your participation in this <br /> participation. venture, we cannot serve elderly citizens in this community with <br /> low incomes. <br /> The capital advance from HUD for the building of 40 one-bedroom <br /> This 202 facility units is $2,883,000. In addition, there is a Project Rental <br /> will bring Assistance Contract and Budget Authority of$92,700 and <br /> million HUD D g y <br /> dollars into the $463,500 respectively which make the rental supplements possible. <br /> county for The Project Rental Assistance Contract will be for a term of five <br /> housing <br /> assistance to very years. At that time it will be renewed. Over the next five years the <br /> low income senior U.S. Department of Housing and Development will invest <br /> citizens. $3,439,200 into housing for senior citizens with very low incomes. <br />