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Agenda - Economic Development Authority - 04/13/2017
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Agenda - Economic Development Authority - 04/13/2017
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3/17/2025 2:14:23 PM
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4/10/2017 12:34:20 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
04/13/2017
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Housing Assistance PolicyAffordable <br /> All applicants shall meet at least one of the goals and related implementation strategies listed below. <br /> Please provide a check mark in the box and on a separate sheet provide a brief explanation as to how <br /> the proposed project will meet the goal. <br /> Priority scoring will be used to gauge the quality of the project and used to rank projects in the event of <br /> multiple proposals. The City reserves the right to reject any and all applications if it deems necessary. <br /> The amount of funds that may be provided will be based on several factors including: <br /> 1. Project meets a housing priority. <br /> 2. Ability to meet the minimum thresholds. <br /> 3. Priority scoring results and the overall quality of the proposed project. <br /> 4. Availability of funding. The City reserves the right to cap the maximum assistance given,if funds <br /> are available.City funding(when available)will be Gapped at$19,999 peF unit.Grant funding will <br /> be based on the grant type and related funding. <br /> 45.Third party review. Assistance is subject to third—party financial analysis and a'but-for' <br /> analysis.Please contact City Staff for specifics on this analysis.Financial review is subiect to look- <br /> back provisions traditionally found in Tax Increment Finance(TIF)analysis. <br /> Housing Assistance Policy Final Draft—Affordable(034/208 /2014) <br /> 3 <br />
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