HomeMy WebLinkAboutAgenda - 08-20-2002 - 8n i
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: August 20, 2002
Action Agenda
Item No. $-n
SUBJECT: Impact Fee Reimbursement— Habitat for Humanity/Richmond Hills
DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (YIN) 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 for Humanity of
Orange County, NC, Inc. for$12,000 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 documentation of impact fee
payment.
The County has received a reimbursement request for $12,000 from Habitat for Humanity of
Orange County, NC, Inc. (HHOC) for four homes being built in the Richmond Hills subdivision.
HHOC has provided evidence that the impact fee for all four homes has been paid and house
construction is in varying degrees of completion. Habitat anticipates completion of these
homes by August 31, 2002.
The request has been reviewed in accordance with the above stated eligibility criteria and
determined eligible for reimbursement.
2
Results of Elidibility Review
1. Household Income:
a. Family#1: Family of four Annual Income: $16,317
b. Family#2: Family of four Annual Income: $25,480
c. Family#3: Family of two Annual Income:. $22,552
d. Family#4: Family of four Annual Income: $17,970
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 eaming 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 2002-03 budget included a total of$100,000 for
reimbursement of impact fees. This payment is for four(4) homes of a total of 25 homes to be
completed in Richmond Hills in Phase I for sale to low-income homebuyers.
RECOMMENDATION (S): The Manager recommends approval of the impact fee
reimbursement request from Habitat for Humanity of Orange County, NC, Inc. for$12,000 for
four new homes.