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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No�Ux__ <br /> Action Agenda Item Abstract <br /> Meeting Date: August 5, 1996 <br /> SUBJECT: Impact Fee Reimbursement Policy <br /> DEPARTMENT: Housing/Community Dev. Public Hearing YES NO_x <br /> Budget Amendment <br /> Needed YES NO x <br /> ATTACHMENT(S): INFORMATION CONTACT <br /> Tara L. Fikes, 2490 <br /> Revised Policy <br /> TELEPHONE NUMBER <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> Purpose: To approve a revised Impact Fee Reimbursement Policy for Housing Development <br /> Agencies. <br /> Background: On November 1, 1995, the BOCC approved a policy for impact fee reimbursement to <br /> local non-profit organizations meeting the established criteria. The eligibility criteria included only non- <br /> profit housing organizations producing single family housing for first-time homebuyers at or below 80% <br /> of area median income. Since adoption, the need for reimbursement of fees paid for rental property <br /> developed for low income families has become more acute. <br /> Thus, the applicability of the policy for rental housing has been reconsidered and language has been <br /> proposed to include rental housing developed by non-profit and non-profit organizations. The proposed <br /> revision in the current policy is indicated in bold in the Impact Fee Reimbursement Policy Eligibility <br /> Criteria section. <br /> Recommendation: <br /> The Manager recommends approval of a revised Impact Fee Reimbursement Policy for Housing <br /> Development Agencies. <br />