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Results of Eligibility Review <br />1. Household Income: <br />a. Family #1: Family of five <br />b. Family #2: Family of four <br />c. Family #3: Family of four <br />d. Family #4: Family of six <br />e. Family #5 Family of two <br />f. Family #6 Family of five <br />Annual Income: $22,750 <br />Annual Income: $28,236 <br />Annual Income: $25,114 <br />Annual Income: $34,320 <br />Annual Income: $17,167 <br />Annual Income: $20,800 <br />All incomes are less than 50% of the area HUD published median income. <br />2. First Mortgage Amount: $67,500 <br />3. Certification of 99 year Affordability: <br />Habitat for Humanity of Orange County, NC, Inc. certifies in writing that the six homes <br />will remain affordable to families earning, less than 80% of'the area median income for <br />at least ninety-nine (99) years. <br />4. Documentation of Impact Fee Payment Yes. The fee was paid at the time the <br />building permit was issued. Actual reimbursement will take place at the time that the <br />Impact Fee Agreement is executed by Habitat for Humanity and recorded in the <br />Register of Deeds Office. <br />FINANCIAL IMPACT: The current balance from the FY 2007-2008 appropriation for impact <br />fee reimbursements is $65,433. Expenditure of $18,000 for these reimbursements will leave a <br />balance of $47,433. <br />RECOMMENDATION' (S): The Manager recommends that the Board approve the impact fee <br />reimbursement request from Habitat for Humanity of Orange County, NC, Inc. for $18,000 for <br />six (6) newly constructed homes. <br />