HomeMy WebLinkAboutAgenda - 03-21-2006-5eORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: March 21, 2006
Action Agenda
Item No. ,j-e,
SUBJECT: Impact Fee Reimbursement
DEPARTMENT: Housing/Comm. Development
PUBLIC 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 $17,628 for four new homes,
BACKGROUND: On November 1, 1995, the BOCC approved a policy for impact fee
reimbursement to local 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 doaimentation of impact fee
payment.
The County has received a reimbursement request for $17,628 from Habitat for Humanity of
Orange County, NC, Inc, (HHOC) for four (4) new homes in the Rusch Hollow subdivision in
Chapel Hill, 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,
Results of Eligibility Review
1. Household Income:
a. Family #1:
b. Family #2:
c. Family #3:
d. Family #4:
Family of four Annual Income: $26,000
Family of four Annual Income: $28,253
Family of four Annual Income: $27,842
Family of three Annual Income: $36,920
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 four
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 2005-2006 appropriation for impact
fee reimbursements is $77,733. Expenditure of $17,628 for these reimbursements will leave
a balance of $60,105,
RECOMMENDATION(S): The Manager recommends that the Board approve the impact fee
reimbursement request from Habitat for Humanity of Orange County, NC, Inc. for $17,628 far
four (4) newly constructed homes.