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HOME Investment Partnership Program (HOME) <br />and other state or federal housing programs. <br />(b) Impact fee/capacity charge grants shall result <br />in eligible housing for the following eligible <br />persons: <br />1. Very Low -Income Persons <br />2. Low -Income Persons <br />c. Basic Award Terms <br />i. Maximum Monetary Award <br />The maximum monetary award for an impact <br />fee/capacity charge grant shall not exceed <br />$7,500.00 per unit or the total cost of applicable <br />impact fees and capacity charges for the eligible <br />housing unit, whichever is less. <br />ii. Repayment Terms/Timeframe <br />The repayment of funds awarded as an impact fee <br />grant is not required, except in cases whereby the <br />eligible housing unit is sold to non -eligible <br />persons or occupied by someone other than the <br />original grant recipient prior to termination of <br />the unit's affordable classification timeframe. In <br />cases where the unit is sold to a non -eligible <br />person, resale of the unit shall require repayment <br />of the original grant amount in full. <br />Recaptured funds will be deposited in the county's <br />affordable -housing trust fund. <br />iii. Interest Rate <br />There will be no interest rate for impact <br />fee/capacity charge grants. <br />iv. Affordable Classification Timeframe <br />Housing units whose, owners receive funds from the <br />IRCLHAProgram Impact Fee/Capacity Charge Grant <br />Strategy Program shall be occupied for a period of <br />not less than ten (10) years -by the same qualified <br />eligible households who received the assistance. <br />13 <br />