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<br /> , tft, I <br /> 10 Minneso(J Solutions <br /> I <br /> What is a Housing District? .. <br /> Qualifying: Facility is intended for occupancy in part by persons or families of low and moderate I <br /> income as defined in Chapter 462A, Title II of the National Housing Act of 1934, the National <br /> Housing Act of 1959, the United States Housing Act of 1937, Title V of the Housing Act of 1949 I <br /> or other similar acts. Up to 20% of the fair market value may be for uses other than low and <br /> moderate income housing. <br /> Tax Increment Financino Exoenditures: I <br /> . qualifying public improvements <br /> . interest rate reduction program I <br /> . administrative expenses <br /> Duration: 25 years from receipt of the first tax increment I <br /> Pooling: 20%, administrative costs must come under the pooling cap <br /> LGA/HACA Election: 10%; 0% if qualified I <br /> Indexing of Original Tax Caoaoitv: does not apply .. <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> .. <br /> November 19, 1991 I <br />