Laserfiche WebLink
Impact Fee Grant Summary Pane <br />Purpose: To assist eligible persons with the cost ' <br />of impact fees and/or capacity charges <br />associated with connection of existing <br />housing units to the county water and/or <br />sewer system. <br />Funding Source: State Housing Initiatives Partnership <br />(SHIP) <br />Eligible Persons: ► Very low income persons and <br />► Low income persons (only when the <br />impact fee/capacity charge grant is <br />a match for another state or <br />federal:: housing program such as <br />CDBG) <br />Assistance: The county provides grants of up to <br />$7,500 per unit for the cost of impact <br />fees and/or capacity charges. The <br />applicant must execute a grant agreement <br />with the county indicating that the <br />applicant will comply with the county's <br />Local Housing Assistance Program's <br />requirements. <br />Criteria: Income Eligible Households: VLI (up to <br />50% of the county's median income), LI <br />(51-800 of county's median income) <br />Property <br />Qualification: Owner -Occupied <br />Debt Ratio: N/A <br />Grant Period: 10 Years <br />Interest Rate: Zero (0) <br />Repayment Terms: No payment is <br />required except in <br />cases where <br />assisted unit is <br />sold prior to 10 <br />years or if the <br />assisted unit is <br />occupied by someone <br />other than the <br />original grant <br />recipient. <br />W <br />