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The project meets the objective of creating opportunities for affordable housing. The project would also <br /> increase the city's tax base. Market demand has been demonstrated for the project via the <br /> Comprehensive Housing and Market Analysis conducted by the Housing and Redevelopment Authority <br /> in July 2012. The analysis found that by 2017 there will be a need for 40 senior few-service housing units, <br /> the type of housing proposed in the Blackhawk Woods project. <br /> The project is still subject to more rigorous analysis,including a but-for test, but initially it appears to <br /> meet all project qualifications and objectives of the TIF policy. <br /> FINANCIAL IMPACT <br /> None <br /> ATTACHMENTS <br /> ■ 2,4,6 unit floor plans <br /> ■ West Oaks Plat <br /> ■ TIF Policy <br /> Action Motion by Second by Vote <br /> Follow Up <br /> N:\Public Bodies\City Council\Council RCA\Agenda Packet\02-11-2013\Blackbawk Woods.docx <br />