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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 />Family of four Annual Income: $26,000 <br />Family of four Annual Income: $28,253 <br />Family of four Annual Income: $27,842 <br />Family of three Annual Income: $36,920 <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 four <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 2005-2006 appropriation for impact <br />fee reimbursements is $77,733. Expenditure of $17,628 for these reimbursements will leave <br />a balance of $60,105, <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 $17,628 far <br />four (4) newly constructed homes. <br />