HomeMy WebLinkAboutAgenda - 05-08-2002 - 8g r
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: May 8, 2002
Action Agenda
Item No. g-g
SUBJECT: Impact Fee Reimbursement—Habitat for Humanity Richmond Hills Pro ad
DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (YIN) No
ATTACHMENT(S): INFORMATION CONTACT:
Tara L. Fikes, eA. 2490
TELEPHONE NUMBERS:
Hillsborough 7324181
Chapel HIII 961
Durham 688-7331
Mebane 336-2274031
PURPOSE: To approve the impact fee reimbursement request from Habitat for Humanity of
Orange County, NC, Inc. for$24,000 for eight new homes.
BACKGROUND: On November 1, 1995, the BOCC approved! a policy for impact fee
reimbursement to local non-profit crganizations 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 bomebuyers with incomes at of below 80%
of HUD published median income for the Raleigh-DurhamChapel Hill, NC Ml
2. Affordable housing is defined as owner-ccoupied housing which can be purchased for
no more than 2 5 times annual family income; and
3. The non-puf it organizaaon must certify in writing that, for owner-occupied housing, it
will remain affordable to the anticipated beneficiary or benefdariee for a pedod 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 $24,000 from Habitat for Humanity of
Orange County, NC, Inc. (HHOC) for eight homes being built in the Richmond Hills
subdivision. HHOC has provided evidence that the impact fee for all eight homes has been
paid and house construction is in varying degrees of completion. Habitat anticipates
completion of these homes by June 20, 2001
The request has been reviewed in accordance with the above stated eligibility criteria and
determined eligible for reimbursement.
2
Results of EI'a'b IM Fillew
1. Household Income:
a. Family#1: Family of four Annual Income: $27,019
b. Family#2: Family of four Annual Income: $19,864
c. Family#3: Family of three Annual Income: $19,157
d. Family#4: Family of three Annual lncome: $22,880
e. Family#5 Family of four Annual Income: $29,120
I. Family#6 Family of three Annual l recall $20,798
g. Family#7 Family of two Annual Income: $17,297
h. Family#8 Family of two Annual lncei $19,310
All incomes are less than 50%of the area HUD published median income.
2. Purchase Price: $67,500
3. Cartiicebon of 99 year Affordability:
Habitat for Humanity of Orange County, NC, Inc. certifies in writing that the four
homes will remain affordable to families coming less than 80% of the area median
income for at least ninety-nine(99)years.
4. Documentation of Impact Fee Payment yes
FINANCIAL IMPACT: The approved 2001-02 budget included a total of$126,000 for
relmbursement of impact fees. This payment is for eight(8) homes of a total of 25 homes to
be completed in Richmond Hills in Phase I for sale to low homebuyers.
RECOMMENDATION (5): The Manager recommends approval of the impact fee
reimbursement request from Habitat for Humanity of Orange County. NC, Inc. for$24,000 for
eight new homes.