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2 <br />Results of Eligibility Review <br />1. Household Income: <br />a. Family #1: Family of four Annual Income: $15,910 <br />b. Family #2: Family of two Annual Income: $20,342 <br />c. Family #3: Family of one Annual Income: $17,243 <br />d. Family #4: Family of two Annual Income: $15,910 <br />e. Family #5 Family of four Annual Income: $17,000 <br />f. Family #6 Family of five Annual Income: $33,280 <br />g. Family #7 Family of six Annual Income: $18,720 <br />h. Family #8 Family of three Annual Income: $25,415 <br />All incomes are less than 50% of the area HUD published median income. <br />2. Purchase Price: <br />$67,500 <br />3. Certification of 99 year Affordability: <br />Habitat for Humanity of Orange County, NC, Inc. certifies in writing that the eight <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 $60,105. Expenditure of $29,628 for these reimbursements will leave a <br />balance of $30,477. <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 $29,628 for <br />eight (8) newly constructed homes.