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2A, TIF White Paper
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2A, TIF White Paper
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TAX INCREMENT FINANCING PROPOSAL <br /> Grading and Report Card <br /> Housing <br /> 1. Provides economic integration of rental or ownership projects (percent of affordable <br /> housing to total units). <br /> Points: <br /> # of units 50% 5 <br /> # of LI units 25%to 49% 4 <br /> % of LI units 24% or below 3 <br /> Above 50% 2 <br /> NR 1 <br /> 2. Rental or ownership projects with the lowest intermediary costs (soft costs). <br /> Points: <br /> Total Project Cost 0% - 15% 5 <br /> Soft Costs 16% - 24% 4 <br /> % Soft Costs 25% - 30% 3 <br /> >31% 2 <br /> NR 1 <br /> 3. Loan financing for rental or ownership projects which include public and private <br /> investment (not including TIF). <br /> Points: <br /> Private Investment Private/Public <br /> Public funds (non-TIF) 4:1 5 <br /> Ratio Private/Public Financing 3:1 4 <br /> 2:1 3 <br /> 1.5:1 2 <br /> Below 1 <br /> Bonus Points (5 point total) <br /> • Incorporates Sustainable Building Practices 3 points <br /> • Provides Life-cycle housing alternatives 3 points <br /> • New construction of rental or ownership projects that <br /> integrate Livable Communities and/or <br /> Active Community Living concepts 2_points <br /> TOTAL POINTS 8 points <br /> Page 3 of 5 <br /> PAPlanning\Economic Development\Business Subsidy & Public Financing\Business Subsidy\Busines Subsidy <br /> Grading and Report Card.doc <br />
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