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08-15-07
ArdenHills
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2007
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08-15-07
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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 <br /> f affordable <br /> housing to total units). GJ(� �J Q - / , ,� �/ <br /> V Grade: ���'' d <br /> # of units 15% or below d <br /> # of LI units 25% or below <br /> % of LI units 50% or below <br /> 75% or below <br /> NR <br /> 2. Rental or ownership projects with the lowest intermediary—costs (soft costs). <br /> Grade: <br /> Total Project Cost 0% - 15% A <br /> Soft Costs 16% - 24% B <br /> % Soft Costs 25% - 30% C <br /> • >31% D <br /> NR F <br /> 5. Loan financing for rental or ownership projects which include public and private <br /> investment(not including TIF). <br /> Grade: <br /> Private Investment Private/Public <br /> Public funds (non-TIF) 4:1 A <br /> Ratio Private/Public Financing 3:1 B <br /> 2:1 C <br /> 1.5:1 D <br /> Below F <br /> Bonus Points (5 point total) <br /> • Incorporates Sustainable Building Practices 1 point <br /> • Provides Life-cycle housing alternatives 1 point <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 Xpoints <br /> Page 3 of 5 <br /> \\Metro-inet.us\ardenhills\Admin\Committees\Economic Development Commission\Busines Subsidy Grading and <br /> Report Card.doc <br />
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