Agenda - 03-21-2006-5e - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 21, 2006 Action Agenda Item No. ,j-e, SUBJECT: Impact Fee Reimbursement DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Tara L, Fikes, (919) 245-2490 PURPOSE: To approve the impact fee reimbursement request from Habitat for Humanity of Orange County, NC, Inc, for $17,628 for four new homes, 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; and 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, 4. The non-profit organization is responsible for providing doaimentation of impact fee payment. The County has received a reimbursement request for $17,628 from Habitat for Humanity of Orange County, NC, Inc, (HHOC) for four (4) new homes in the Rusch Hollow subdivision in Chapel Hill, HHOC has provided evidence that the impact fee for all homes has been paid and the houses have been sold to low-income homebuyers. The request has been reviewed in accordance with the above stated eligibility criteria and determined eligible for reimbursement,