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Impact Fee Grant Summary Page <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 /> 500 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 /> • <br /> original grant <br /> recipient . <br /> 15 <br />