HomeMy WebLinkAboutAgenda - 01-23-2007-5sORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: January 23, 2007
Action Agenda
Item No. -'
SUBJECT: Impact Fee Reimbursement
DEPARTMENT: Housing/Comm. Development PUBIC HEARING: (Y/N) No
ATTACHMENT(S):
INFORMATION CONTACT:
Tara L. Fikes, (919) 245-2490
PURPOSE: To approve the impact fee reimbursement request from Habitat for Humanity of
Orange County, NC, Inc. for $29,628 for eight new homes.
BACKGROUND: On November 1, 1995, the BOCC approved a policy for impact fee
reimbursement to Idcal 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 documentation of impact fee
payment.
The County has received a reimbursement request for $29,628 from Habitat for Humanity of
Orange County, NC, Inc. (HHOC) for eight (8) new homes - four (4) in the Rusch Hollow
Subdivision in Chapel Hill and four (4) in the Richmond Hills Subdivision. HHOC has provided
evidence that the impact fee for all homes has been paid and the houses have been sold to
low-income homebuyers.
The request has been reviewed in accordance with the above stated eligibility criteria and
determined eligible for reimbursement.
2
Results of Eligibility Review
1. Household Income:
a. Family #1: Family of four Annual Income: $15,910
b. Family #2: Family of two Annual Income: $20,342
c. Family #3: Family of one Annual Income: $17,243
d. Family #4: Family of two Annual Income: $15,910
e. Family #5 Family of four Annual Income: $17,000
f. Family #6 Family of five Annual Income: $33,280
g. Family #7 Family of six Annual Income: $18,720
h. Family #8 Family of three Annual Income: $25,415
All incomes are less than 50% of the area HUD published median income.
2. Purchase Price:
$67,500
3. Certification of 99 year Affordability:
Habitat for Humanity of Orange County, NC, Inc. certifies in writing that the eight
homes will remain affordable to families earning less than 80% of the area median
income for at least ninety-nine (99) years.
4. Documentation of Impact Fee Payment Yes. The fee was paid at the time the
building permit was issued. Actual reimbursement will take place at the time that the
Impact Fee Agreement is executed by Habitat for Humanity and recorded in the
Register of Deeds Office.
FINANCIAL IMPACT: The current balance from the FY 2006-2007 appropriation for impact
fee reimbursements is $60,105. Expenditure of $29,628 for these reimbursements will leave a
balance of $30,477.
RECOMMENDATION (S): The Manager recommends that the Board approve the impact fee
reimbursement request from Habitat for Humanity of Orange County, NC, Inc. for $29,628 for
eight (8) newly constructed homes.