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Patrick Brama <br />Housing Assistance Policy Measures <br />May 27, 2015 <br />Page 3 <br />• Per Unit Dollar Subsidy: Same as Market Rate <br />• Maximum City participation: Same as Market Rate <br />Overall, for any public assistance received (cash, TIF or tax abatement), we recommend <br />that a lookback be completed when the project is stabilized (typically by year 3). This way <br />we can review the actual costs of the project and actual revenues and to the extend they <br />exceed the thresholds set for COC or IRR returns, then a portion of the assistance can be <br />repaid (typically a 50/50 split between the developer and the City). <br />We will be happy to put together a matrix of projects within the Metropolitan Area that have <br />been provided assistance for your review. Please contact Stacie at 6651-697-8506 with <br />any questions. <br />