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1. Householtl Income: <br />a. Family#7: Family of sk Annual Income: $78,000 <br />b. Family ill: Family cf three Annual Income: $75.600 <br />c Family N3: Family of Iwo Annual Income: $16,000 <br />tl. Family #4: Family of four Annual Income: $29,600 <br />All incemes are less than 50%of the area HUD publishetl metlian income. <br />2. Purchase Price: $6],500 <br />3. Gerti6eation o199 year Affortlabllfly: <br />Habitat for Humanity of Orenge County, NC, Inc. certihes In writing that the four <br />homes will remain affortlable to families earning less than 60% of the area median <br />income for al least ninety-nine (99) years. <br />4r Documentation of Impact Fee Paymeh! Ves <br />FINANCIAL IMPACT: The approved 2001-02 budget included a total of $126,000 for <br />reimbursement of impact fees. This Is [he Ors[ four (4) of a total of 25 homes to be completed <br />In Richmond Hills in Phase I for sale to low homebuyers. <br />RECOMMENDATION(S): The Manager recommends approval of the impact fee <br />reimbursement request from Habitat far Humanity of Orange Ccunty, NC, Inc. far $3,000 for <br />four new homes. <br />