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16 <br /> beneficiary or beneficiaries for a period of a minimum of ninety-nine (99) years or <br /> longer depending upon the funding source. This requirement will be secured by a <br /> Declaration of Restrictive Covenants. <br /> B. Rental Housing <br /> • An organization requesting impact fee reimbursement for rental housing must certify that the <br /> property will remain affordable for ninety-nine (99) years. The rental housing certification must be <br /> secured by a Declaration of Restrictive Covenant requilng repayment to Orange County of the <br /> impact fee if the rental housing does not remain affordable during the period of affordability,which <br /> covenant will be further seemed by a note and deed of trust. Evidence must be provided that agency <br /> and/or program guidelines are in place to assure affordability compliance [CASA strongly recommends <br /> that the period of affordability for rental property should expire with the debt. 99 years is not a realistic time <br /> frame for the life of rental property without significant reinvestment. The affordability restrictions discourage <br /> that and hamper a non-profit's ability to sell and re-invest the proceeds.' <br />