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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: December 11, 2007 <br />Action Agenda <br />Item No. __~~_ <br />SUBJECT: Impact Fee Reimbursement <br />DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />INFORMATION CONTACT: <br />Tara L. Fikes, (919) 245-2490 <br />PURPOSE: To approve the impact fee reimbursement request from Habitat for Humanity of <br />Orange County, NC, Inc. for $21,000 for seven new homes. <br />BACKGROUND: On November 1, 1995, the BOCC approved a policy for impact fee <br />reimbursement to local non-profit organizations that met the established eligibility criteria. This <br />policy was last revised on March 4, 1998. <br />The policy requires the following: <br />1. Housing must be developed for first-time homebuyers with incomes at or below 80% <br />of HUD published median income for the Raleigh-Durham-Chapel Hill, NC MSA; <br />2. Affordable housing is defined as owner-occupied housing which can be purchased for <br />no more than 2.5 times annual family income; and <br />3. The non-profit organization must certify in writing that, for owner-occupied housing, it <br />will remain affordable to the anticipated beneficiary or beneficiaries for a period of a <br />minimum of ninety-nine (99) years. A Declaration of Restrictive Covenants will secure <br />this requirement. <br />4. The non-profit organization is responsible for providing documentation of impact fee <br />payment. <br />The County has received a reimbursement request for $21,000 from Habitat for Humanity of <br />Orange County, NC, Inc. (HHOC) for seven (7) new homes recently built in Hillsborough. <br />HHOC has provided evidence that the impact fee for all homes has been paid and the houses <br />have been sold to low-income homebuyers. <br />The request has been reviewed in accordance with the above stated eligibility criteria and <br />determined eligible for reimbursement. <br />