HomeMy WebLinkAboutAgenda - 12-09-2003-8iORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: December 9, 2003
Action Agenda r,
Item No. `/
SUBJECT: Impact Fee Reimbursement
DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (Y!N) No
ATTACHMENT(S):
INFORMATION CONTACT:
Tara L. Fikes, ext, 2490
TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 336-227-2031
PURPOSE: To approve the impact fee reimbursement request from Habitat far Humanity of
Orange County, NC, Inc. for $22,407 for seven new homes.
BACKGROUND: On November 1, 1995, the BOGC 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 far
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 $22,407 from Habitat for Humanity of
Orange County, NC, Inc. (HHOC) far seven (7) new homes -one house in Carrboro; and six
homes being built in the Richmond Hills subdivision in Efland. HHOC has provided evidence
that the impact fee for all homes has been paid and house construction and closing was
completed for the house in Carrboro in November and the remaining six houses should be
complete by early 2004.
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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:
e. Family #5
f. Family #6
g. Family #7
Family of three
Family of two
Family of six
Family of two
Family of four
Family of five
Family of four
Annual Income: $17,066
Annual Income: $24,086
Annual Income: $17,680
Annual Income: $21,001
Annual Income: $23,000
Annual Income: $41,980
Annual Income: $31,200
All incomes are less than 50% of the area HUD published median income with the
exception of Family #6 who is at 55% 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 far 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, The document is
normally signed at the time the property is transferred to the eligible homebuyer,
FINANCIAL IMPACT: The balance in the County Housing Trust Fund is approximately
$48,536. Expenditure of $22,407 for these reimbursements will leave a balance of $26,129.
RECOMMENDATION(S): The Manager recommends approval of the impact fee
reimbursement request from Habitat far Humanity of Orange County, NC, Inc. for $22,407 far
seven new homes.