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(lousing districts should The 1988 amendments required that no more than 113 of the improvements In a district be non -housing use <br />provide housing for low - commercial. The 1989 amendments require single family owner occupied housing to meet the income limits <br />and moderate income persons of the tax exempt mortgage bond program. Multifamily units must also satisfy the tax exempt bond limits, or <br />provide that 50% of the units are occupied persons whose Income Is 80% or less of the area median Income. <br />The rental limits are In effect for the duration of the district while the ownership limits apply to the Initial <br />occupants. <br />Districts should not be able Prior planned Improvements can not be Included In the district's captured value. <br />to capture developments <br />already planned. <br />Page 3 <br />13-Dec-89 Publlcorp, Inc. <br />