Orange County NC Website
24 <br /> 6 <br /> contain at a minimum the land area needed to <br /> develop of the greater of two (2) units or <br /> the total number of the bonus units, in <br /> accordance with the zoning requirements of <br /> the district in which the donated land is <br /> located, or with minimum lot size of 40,000 <br /> square feet in unzoned areas. <br /> 5. A 50% density bonus may be approved if at <br /> least 20% of the units are to be occupied by <br /> low income families (earning < 505 of median <br /> area income) and the remaining 80% of units <br /> are occupied by moderate income families <br /> ( <80% of median area income) . This bonus <br /> shall not apply to lands which have been <br /> donated to Orange County in exchange for a <br /> density bonus pursuant to (3. ) above. <br /> 6. Median Income shall be consistent with that <br /> used for Orange County by the U.S. <br /> Die artment of Housing and Urban De elopment . <br /> Findings <br /> The following findings shall be made in support <br /> of the density increase: <br /> 1 . The social benefit to be derived from the <br /> increase in the amount of affordable housing <br /> justifies the increase in permitted lots or <br /> units. <br /> 2 . The location of the affordable units does <br /> not represent an undue concentration of low- <br /> income housing. <br /> 7.14.4.2 The contractual, agreement with Orange County shall <br /> be administered by the Orange County Department of <br /> Housing and Community Development. (HCD) and, shall <br /> include the following provisions: <br /> .L All sales and rental transactions shall be <br /> approved by HCD to assure compliance with <br /> eligibility criteria. <br /> ,, Appreciation of the property shall; be limited <br /> to assure that the units remain affordable in <br /> the event of sale during the 15- year term of <br /> the contract., <br /> 4. Home ownership counseling shall be provide by <br /> HCD to all new homeowners. <br />