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WHAT IS A HOUSING DISTRICT ? <br /> A. Qualifying <br /> Facility is intended for occupancy in part by persons or <br /> families of low and moderate income as defined in chapter <br /> 462A, Title II of the National Housing Act of 1934 , the <br /> National Housing Act of 1959, the United States Housing Act <br /> of 1937, Title V of the Housing Act of 1949 or other similar <br /> acts . Up to 200 of the fair market value may be for uses <br /> other than low and moderate income housing. <br /> B. TIF Expenditures <br /> - qualifying public improvements <br /> - administrative expenses <br /> C. Duration <br /> 25 years from receipt of the first tax increment <br /> D. Pooling - 200 <br /> E. LGA/HACA Election - 10 . 0%; 0 . 0% if qualified <br /> 111 <br /> CASSERLY MOLZAHN & ASSOCIATES, INC. 6/10/96 <br />