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()- <br />TAXINCREMENTFINANCINGHOUSINGDISTRICTNO.18 <br />fromtheTIFDistrictonotherhousingprojectsthatmeetthecriteriaforestablishingahousing <br />districtconsistingofaproject,oraportionofaproject,intendedforoccupancy,inpart,by <br />personsorfamiliesoflowandmoderateincome.Therequirementsfortheestablishmentofa <br />Thepracticalapplicationofthisauthorityincludes: <br />• <br />•ThetaxincrementcanbespentonactivitiesoutsideoftheTIFdistrict,butwithinthe <br />DevelopmentDistrict. <br />•ThisauthoritydoesnotextendthemaximumstatutorydurationoftheTIFdistrict. <br />• <br />housingprojectandtheallocatedadministrativeexpensesoftheCitymaybeincluded <br />inthecostofthehousingproject. <br />•Nomorethan20%ofthesquarefootageofbuildingsthatreceivetaxincrement <br />Potentialapplicationsofthisauthorityinclude: <br />• <br />district. <br />• <br />•Assistancefortherenovationofexistinghousing. <br />•Acquisitionoflandforhousing. <br />• <br />3.04.3EstimatedSourcesandUsesofFunds <br />Theestimatedsourcesofrevenue,alongwiththeestimatedProjectCostsoftheTIFDistrict, <br />areitemizedinFigure3-1onthenextpage.Suchcostsareeligibleforreimbursementfrom <br />taxincrementsfromtheTIFDistrict.TheCityreservestherighttoadministrativelyadjustthe <br />amountofanyoftheProjectCostitemslistedinFigure3-1,solongasthetotalestimatedtax <br />DRAFTFORPUBLICHEARINGOCTOBER9,20198 <br />19 <br /> <br />