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V. Compliance Agreement and Security Instrument <br /> The annlicant eauntyle shall execute a wee--Pee <br /> �GLrant agreement with thecounty. shall be sesue <br /> a 7 S <br /> same <br /> Eemmittee. This Grant agreement meLctVae shall <br /> serve as the eligible recipient's contractual <br /> commitment to comply with the requirements of the <br /> IRCLHAProgram. <br /> 2 . IWact Fee Loans <br /> a. Description <br /> The IRCLHAProgram anticipates providing lew no-interest <br /> loans for the payment of water, sewer and traffic impact <br /> fees for housing units for qualified eligible persons or <br /> sponsors. Funds for impact fee loans shall be <br /> transferred directly to the appropriate impact fee <br /> account corresponding to the eligible housing unit. <br /> Loans may be provided for <br /> connection to public services for new construction e€-sew <br /> hues, or 4e eenjtmetlea with for, existing owner-occupied <br /> homes. whieh motet be-eeiltneeted---e--gtIblie sevv; <br /> For new homebuyers, the ` such loans will <br /> reduce the financial cost, as the loans will be deferred <br /> and therefore eliminate the need to include impact fees <br /> in the overall, up front, financing costs for a housing <br /> unit. Such loans provided to pay impact fees to connect <br /> existing housing units to public services will allow <br /> owners to defer the payment of such fees until the time <br /> the housing unit is sold. <br /> The <br /> e " ;mPaeb FeeGraate wi, , p zfftelc be <br /> Fee Loans be estistiny hsN.eewne*e--ra-- <br /> Publ-1 a <br /> When An <br /> existing homes aEe <br /> to be rehabilitated under the <br /> Rehabilitation Loan Assistance Strategy, a done -ibed L <br /> combination impact fee loan and the rehabilitation an <br /> may be awarded. <br /> b. Eligibility <br /> i. Geographic Area <br /> 16 <br />