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bakerti ll <br /> y <br /> now,for tomorrow <br /> New Proposed Housing TIF District: <br /> Jackson Hill Phase 11 Project <br /> Conclusion <br /> Without financial assistance, the project does not appear to be feasible <br /> • rate of returns and debt coverage ratios are below industry standards <br /> With financial assistance, the project performance is projected to improve <br /> • returns and coverage ratios increase — to moderate level <br /> The financial analysis indicates that the project is not expected to be viable without one or <br /> more of the following: <br /> 1 ) reduction in project costs <br /> 2) additional annual cash flow, and/or <br /> 3) additional upfront funding sources. <br /> Assistance through TIF provides additional annual cash flow to the project <br />