HomeMy WebLinkAboutAgenda - 11-19-2001-8dORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: November 19, 2001
Action Agenda
Item No. ~-~
SUBJECT: Impact Fee Reimbursement-Habitat for Human0vlRichmond Hills
DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (YIN) No
ATTACHMENT(S): INFORMATION CONTACT:
Taro L. Fikes, eat. 2690
TELEPHONE NUMBERS:
Hillsborough ]32di31
Ohapel Hill 966-0501
Ourham 666-]331
PURPOSE: To approve[he Impact fee reimbursement request from Habhat for Humanity of
Orange County, NC, Inc, ftor $5,000 kr four new homea.
BACKGROUND: On November 1, 1995, the BOCG approvetl a policy for impact tee
reimbursement to local non-profR organizations Nat met the established ellglbillty crl[eda.
This policy was last revised cn March 4, 1998.
The policy requires the following:
1. Housing must be tlevelopetl for first-time homebuyers with inwmes et or below 80%
ofi HUO published metlian income for the Raleigh-DwhemChepel HIII, NC MSA;
2. AffoNable housing is defined es owneroccupled housing which can be purchased for
no more than 2.5 times annual family inwme; and
3. The non-pmq[organlzatlon must certify in wrking that for owneraccupietl housing, it
will remain aROrtlable to the anticipatetl benefmiary or beneficietles for a petlotl of a
minimum of ninety-nine (98j years. This requlremen[ will be securatl by a Declaration
of Reetnc[ive Covenants.
4. The non-profit organization is responsible for provitling tlocumente[lon oflmpacl fee
payment.
The County has received a reimbursement request for $5,000 from Habitat for Humanity of
Orange County, NC, Ina (HHOC) for four homes being built in the Richmond Hills subdivision.
HHOC has providetl evitlence that the impact fee for all eight homea hoe been paid end
house wnstmc0on is in varying degrees of completion. Habitat anticipates completion of
these homes by December 15, 2001.
The request has been reviewed in accortlance wish the above stated eligibilRy cd[ede and
tletermined eligible for reimbursement.
1. Householtl Income:
a. Family#7: Family of sk Annual Income: $78,000
b. Family ill: Family cf three Annual Income: $75.600
c Family N3: Family of Iwo Annual Income: $16,000
tl. Family #4: Family of four Annual Income: $29,600
All incemes are less than 50%of the area HUD publishetl metlian income.
2. Purchase Price: $6],500
3. Gerti6eation o199 year Affortlabllfly:
Habitat for Humanity of Orenge County, NC, Inc. certihes In writing that the four
homes will remain affortlable to families earning less than 60% of the area median
income for al least ninety-nine (99) years.
4r Documentation of Impact Fee Paymeh! Ves
FINANCIAL IMPACT: The approved 2001-02 budget included a total of $126,000 for
reimbursement of impact fees. This Is [he Ors[ four (4) of a total of 25 homes to be completed
In Richmond Hills in Phase I for sale to low homebuyers.
RECOMMENDATION(S): The Manager recommends approval of the impact fee
reimbursement request from Habitat far Humanity of Orange Ccunty, NC, Inc. far $3,000 for
four new homes.