2026-056-E-Housing Dept-Habitat for Humanity Orange County-CIP

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EXHIBIT D Prepared by and after recording return to: Margaret McConnell, Orange County Attorney’s Office, P.O. Box 8181, Hillsborough, NC 27278 DECLARATION OF RESTRICTIVE COVENANTS THIS DECLARATION OF RESTRICTIVE COVENANTS (“Declaration”), dated ________, 2025, by Habitat for Humanity, Orange County, N.C., Inc., a North Carolina Non Profit Corporation, for itself and its successors and assigns (“Owner” or “Habitat for Humanity of Orange County”), is given as a condition precedent to the award of Orange County Capital Investment Plan funds. RECITALS: WHEREAS, Orange County has designated up to Eight Hundred Thousand Dollars ($800,000) in FY 2023-24 Capital Investment Plan Affordable Housing Program funds to assist with site infrastructure improvements contributing to the development of seventy-five (75) new homes in Orange County, of which sixty (60) will be affordable homes developed and sold by Habitat for Humanity of Orange County, to homebuyers earning between thirty percent (30%) to eighty percent (80%) of Area Median Income (AMI); and WHEREAS, the Owner intends to develop the Project, Auman Village at Meadowlands, located in Hillsborough, North Carolina (hereinafter referred to as “the Project”) as a homeownership community for low-income families earning between thirty percent (30%) and eighty percent (80%) of the Area Median Income. The Project dwelling units will be located on the property more particularly described in Exhibit A attached hereto and made a part of this Agreement (hereinafter referred to as “the Property”); and WHEREAS, the Owner agrees to utilize FY 2023-24 Capital Investment Plan Affordable Housing Program funds provided by Orange County solely for the purpose of developing the Property as described in its FY 2023-24 Capital Investment Plan Program Funding Application Docusign Envelope ID: 4B02F05F-1410-4DCD-BCEE-8DD7A7B20DAF