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loan award with a separate impact fee loan provided only if the complete rehabilitation and connection cost will exceed the $10,000.00 Rehabilitation Loan limit. i. Geographic Area Impact fee loans may be made for eligible housing units located anywhere in the County, including all municipalities located within the County. ii. Housing Unit Classification All housing units shall be owner -occupied single- family residences, or single-family residences occupied by the future owner acquiring the unit via a lease -purchase agreement with a lease period of less than two (2) years. Applicant Classification (a) Impact fee loans may be awarded for eligible housing to be provided by the following eligible sponsors. 1. Non-profit Organizations 2. Very Low -Income Eligible Persons 3. Low -Income Eligible Persons (b) Impact fee loans shall result in eligible housing for the following eligible persons: i. Very Low -Income Persons 2. Low -Income Persons c. Basic Award Terms i. Maximum Monetary Award The maximum monetary award for an impact fee loan shall not exceed $7,000.00 or the total cost of applicable impact fees for the eligible housing unit, whichever is less. ii. Repayment Terms/Timeframe Impact fee loans shall be deferred payment loans whereby repayment of the loan amount and accrued interest occurs at the time that the eligible housing unit is sold. b. Eligibility i. Geographic Area Impact fee loans may be made for eligible housing units located anywhere in the County, including all municipalities located within the County. ii. Housing Unit Classification All housing units shall be owner -occupied single- family residences, or single-family residences occupied by the future owner acquiring the unit via a lease -purchase agreement with a lease period of less than two (2) years. Applicant Classification (a) Impact fee loans may be awarded for eligible housing to be provided by the following eligible sponsors. 1. Non-profit Organizations 2. Very Low -Income Eligible Persons 3. Low -Income Eligible Persons (b) Impact fee loans shall result in eligible housing for the following eligible persons: i. Very Low -Income Persons 2. Low -Income Persons c. Basic Award Terms i. Maximum Monetary Award The maximum monetary award for an impact fee loan shall not exceed $7,000.00 or the total cost of applicable impact fees for the eligible housing unit, whichever is less. ii. Repayment Terms/Timeframe Impact fee loans shall be deferred payment loans whereby repayment of the loan amount and accrued interest occurs at the time that the eligible housing unit is sold.