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Results of Eligibility Review <br />1. Household Income: <br />a. Family #1: <br />b. Family #2: <br />c. Family #3: <br />d. Family #4: <br />e. Family #5 <br />f. Family #6 <br />g. Family #7 <br />Family of six <br />Family of four <br />Family of three <br />Family of two <br />Family of two <br />Family of six <br />Family of five <br />Annual Income: $26,261 <br />Annual Income: $21,600 <br />Annual Income: $27,337 <br />Annual Income: $22,916 <br />Annual Income: $24,432 <br />Annual Income: $26,000 <br />Annual Income: $29,526 <br />All incomes are less than 50% of the area HUD published median income. <br />2. Purchase Price: <br />$72,975.00 <br />3. Certification of 99 year Affordability: <br />Habitat for Humanity of Orange County, NC, Inc. certifies in writing that the seven <br />homes will remain affordable to families earning less than 80% of the area median <br />income for 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 2006-2007 appropriation for impact <br />fee reimbursements is $30,477. Expenditure of $21,000 for these reimbursements will leave a <br />balance of $9,477. <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 $21,000 for <br />seven (7) newly constructed homes. <br />