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Results of Eli ig bility Review <br />1. Household Income: $30,720 for a family of three (3) <br />(56% of HUD published median income) <br />2. Purchase Price: $64,720 <br />3. Certification of 20 year Affordability: <br />A second mortgage of $17,500 was provided to this purchaser which requires that the property <br />remains affordable for 20 years or the mortgage is payable in full. <br />FINANCIAL IMPACT: <br />There is a line-item in the current year budget for impact fee reimbursements. The current balance is <br />$129,000. Since the 1993-94 Fiscal Year, the County has received~'7,598,680 in impact fees and have <br />reimbursed approximately $259,648 or 3% of that total. <br />RECOMMENDATION(S): <br />The Manager recommends approval of the impact fee reimbursement request from EmPOWERment, <br />Inc. for $3,000. <br />