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eliminate the need to include impact fees in the overall, <br />UP front, financing costs for a housing unit. Such loans <br />Provided to pay impact fees to connect existing housing <br />units to public services will allow owners to defer the <br />Payment of such fees until the time the housing unit is <br />sold. <br />When an existing home is to be rehabilitated under the <br />Rehabilitation Loan Assistance Strategy, combination <br />impact fee loan and the rehabilitation loan may be <br />awarded. <br />Impact fee loans may be leveraged with private funds and <br />all applicable state or federal programs. <br />b. Eligibility <br />i. Geographic Area <br />Impact fee loans may be made for eligible housing <br />units located anywhere in the County, including all <br />municipalities located within the County. <br />ii. Housing Unit Classification <br />All housing units shall be owner -occupied <br />residences. Mobile Homes are not eligible. <br />iii. Applicant Classification <br />(a) Impact fee loans may be awarded to the <br />following eligible sponsors: <br />1. Non-profit Organizations <br />2. Very Low -Income Eligible Persons <br />3. Low -Income Eligible Persons <br />4. Moderate -Income Eligible Persons <br />(b) Impact fee loans shall result in eligible <br />housing for the following eligible persons: <br />1. <br />2. <br />3. <br />C. Basic Award Terms <br />Very Low -Income Persons <br />Low -Income Persons <br />Moderate -Income Persons <br />i. Maximum Monetary Award <br />The maximum monetary award for an impact fee loan <br />shall not exceed $7,500.00 or the total cost of <br />applicable impact fees for the eligible housing <br />unit, whichever is less. <br />16 <br />