Agenda - 03-18-2008-4g - Laserfiche WebLink

Browse Search

ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 18, 2008 Action Agenda Item No. _ ~~__ c. J SUBJECT: Impact Fee Reimbursement DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (YIN) No ATTACHMENT(S): INFORMATION CONTACT: Tara L. Fikes, (919) 245-2490 PURPOSE: To approve an impact fee reimbursement request from Orange Community Housing and Land Trust of $4,407 for a recently built home in Chapel Hill. BACKGROUND: On November 1, 1995, the BOCC approved a policy for impact fee reimbursement to local non-profit organizations that met the established eligibility criteria. This policy was last revised on March 4, 1998. The policy requires the following: 1. Housing must be developed for first-time homebuyers with incomes at or below 80% of HUD published median income for the Raleigh-Durham-Chapel Hill, NC MSA; 2. Affordable housing is defined as owner-occupied housing which can be purchased for no more than 2.5 times annual family income; 3. The non-profit organization must certify in writing. that, for owner-occupied housing, it will remain affordable to the anticipated beneficiary or beneficiaries for a period of a minimum of ninety-nine (99) years. A Declaration of Restrictive Covenants will secure this requirement; and 4. The non-profit organization is responsible for providing documentation of impact fee payment. The County has received a reimbursement request for $4,407 from Orange Community Housing and Land Trust (OCHLT) for a home it recently built in Northside neighborhood in Chapel Hill. OCHLT has provided evidence that the impact fee has been paid and the house was purchased by aloes-income homebuyer. The request has been reviewed in accordance with the above stated eligibility criteria and determined eligible for reimbursement. ,