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II . LHAP HOUSING STRATEGIES : Chapter 67 -37 . 005 (5 ) , F . A . C . Local Housing Assistance Program Strategies The strategies available for use in the IRCLHAProgram shall serve to effectively reduce the cost of housing in two ways . The first is by awarding grants to eligible recipients , whereby a portion of the initial cost encountered in acquiring or providing housing may be eliminated entirely or deferred . The second method of reducing the cost of housing is by the provision of deferred payment loans . Such loans result in reduced costs indefinitely until a time when the eligible recipients may then be able to afford the costs . By utilizing assistance strategies , the IRCLHAProgram will encourage the provision of affordable housing . A total of seven ( 7 ) assistance strategies are available for use by the Indian River County Local Housing Assistance Program ( IRCLHAProgram ) in providing assistance to eligible persons or sponsors . A . Impact Fee /Capacity Charges Grant a . Summary of the Strategy : To assist eligible persons with the cost of impact fees and / or water and sewer capacity charges for owner occupied housing units anywhere in Indian River County . b . Fiscal Years Covered : FY 2006 - 2007 , FY 2007 - 2008 , FY 2008 - 2009 c . Income Categories to be served : • Very Low- Income Persons ( between 31 - 50 % of median income ) • Low- Income Persons ( between 51 - 80 % of median income ) only when impact fee / capacity charge grant is a match for another state or federal housing program such as CDBG . d . Maximum award : The County provides grants for the actual amount of impact fees and capacity charges , not to exceed $ 20 , 000 per unit for the cost of impact fees and / or capacity charges . e . Terms , Recapture , Default : The applicant must execute a grant agreement with the county indicating that the applicant will comply with the county ' s Local Housing Assistance Plan ' s requirements . There will be no interest rate for impact fee / capacity charge grants . Grant Period : 10 Years for owner occupied units . The repayment of funds awarded as an impact fee / capacity charges grant is not required , except in cases whereby the eligible housing unit is sold to non- eligible persons or occupied by someone other than the original grant recipient prior to termination of the unit ' s affordable classification timeframe , or refinanced with a cash out prior to termination of the affordability timeframe . In these cases repayment of the entire original grant amount is required . Recaptured funds will be deposited in the county ' s affordable housing trust fund . 4