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2 <br /> Results of Eligibility Review <br /> 1. Income Eligibility <br /> Family# Annual Income Family Size Percentage of <br /> Median Income <br /> 1 $26,570 2 < 60% <br /> 2 $26,029 3 < 50% <br /> 3 $32,510 3 < 60% <br /> 4 $24,232 6 < 50% <br /> 5 $25,300 4 < 50% <br /> 6 $25,043 2 < 50% <br /> 7 $33,421 5 < 50% <br /> 8 $29,120 2 < 60% <br /> 9 $25,300 5 < 50% <br /> 10 $35,933 3 < 60% <br /> 11 $51,418 5 < 60% <br /> 2. All homes have the required recorded Declaration of Restrictive Covenants that <br /> provides a 99 year long-term affordability provision. <br /> 3. Documentation of Impact Fee Payment Yes. Habitat has paid the fee at the time <br /> of issuance of the Certificate of Occupancy. Actual reimbursement will take place at <br /> the time that the County's Impact Fee Agreement is executed by the Habitat for <br /> Humanity 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 2013 — 2014 budget is $298,656, and an expenditure of <br /> $114,053 leaves a balance of$184,603. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve $114,053 for <br /> impact fee reimbursement to Habitat for Humanity of Orange County, NC, Inc. <br />