Agenda - 11-05-2003-8e - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 5, 2003 Action Agenda Item No. $~~- SUBJECT: Impact Fee Reimbursement DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Tara L. Fikes, ext. 2490 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel HiIN 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To approve the impact fee reimbursement request from Habitat for Humanity of Orange County, NC, Inc. for $12,000 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 dacumentation of impact fee payment. The County has received a reimbursement request for $12,000 from Habitat for Humanity of Orange County, NC, Inc. (HHOC) for four homes being built in the Richmond Hills subdivision and on Cain Drive in Efland. HHOC has provided evidence that the impact fee for all homes has been paid and house construction and closing should be completed in December 31, 2003.