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2 <br /> Results of EI'a'b IM Fillew <br /> 1. Household Income: <br /> a. Family#1: Family of four Annual Income: $27,019 <br /> b. Family#2: Family of four Annual Income: $19,864 <br /> c. Family#3: Family of three Annual Income: $19,157 <br /> d. Family#4: Family of three Annual lncome: $22,880 <br /> e. Family#5 Family of four Annual Income: $29,120 <br /> I. Family#6 Family of three Annual l recall $20,798 <br /> g. Family#7 Family of two Annual Income: $17,297 <br /> h. Family#8 Family of two Annual lncei $19,310 <br /> All incomes are less than 50%of the area HUD published median income. <br /> 2. Purchase Price: $67,500 <br /> 3. Cartiicebon 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 coming less than 80% of the area median <br /> income for at least ninety-nine(99)years. <br /> 4. Documentation of Impact Fee Payment yes <br /> FINANCIAL IMPACT: The approved 2001-02 budget included a total of$126,000 for <br /> relmbursement of impact fees. This payment is for eight(8) homes of a total of 25 homes to <br /> be completed in Richmond Hills in Phase I for sale to low homebuyers. <br /> RECOMMENDATION (5): The Manager recommends approval of the impact fee <br /> reimbursement request from Habitat for Humanity of Orange County. NC, Inc. for$24,000 for <br /> eight new homes. <br />