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IX. WORKSHEET- HOUSING PROJECTS <br />TO BE COMPLETED BY CITY STAFF <br />The project must meet the criteria set forth in Section IV of the City's Tax Increment <br />Financing policy to continue. <br />a) Meets minimum thresholds for size, value, and tax revenue. <br />b) Meets at least one of the objectives in Section II and satisfies <br />all of the provisions set forth in Section III. <br />c) Demonstrates need for TIF with the but-for analysis. <br />d) Consistent with all city plans and ordinances. <br />e) Serves at least two public purposes as defined in Section IV (f). <br />1. Ratio of Private to All Public Investment in Project: Points: <br />Greater than 7:1 10 <br />$ Private investment 6:1 8 <br />$ Public Investment 5:1 6 <br />Ratio Private: Public Financing 4:1 4 <br />3:1 2 <br />Less than 3:1 1 <br />2. Project provides housing that is restricted Points: <br />to persons 55 years and older: 10 <br />3. Market Value /Tax Base Generation: Points: <br />Project will result in an estimated <br />market value per unit $135,000 /Unit 5 <br />(land and building) of $125,000 /Unit 4 <br />$115,000 /Unit 3 <br />$105,000 /Unit 2 <br />$ 95,000 /Unit 1 <br />4. Project proposes rehabilitation of existing <br />housing, housing stock, and maximizes <br />utilization of existing infrastructure: Points: <br />10 <br />5. Project proposes a location near existing <br />jobs, transportation, recreation, retail services, <br />social services, and schools: Points: <br />3 <br />6. Project includes community/ neighborhood: Points: <br />