| | | G.__The duration of the program, which may not exceed 30 | | years from the date of designation of the district; and |
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| | | H.__All documentation submitted to or prepared by the | | municipality under section 5247, subsection 2. |
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| | | 3.__Financial plan for affordable housing development | | district.__The financial plan for an affordable housing | | development district must include: |
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| | | A.__Cost estimates for the affordable housing development | | program; |
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| | | B.__The amount of public indebtedness to be incurred; |
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| | | C.__Sources of anticipated revenues; |
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| | | D.__A description of the terms and conditions of any | | agreements, contracts or other obligations related to the | | affordable housing development program; and |
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| | | E.__For each year of the affordable housing development | | program: |
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| | | (1)__Estimates of increased assessed values of the | | district; |
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| | | (2)__The portion of the increased assessed values to | | be applied to the affordable housing development | | program as captured assessed values and resulting tax | | increments in each year of the program; and |
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| | | (3)__A calculation of the tax shifts resulting from | | designation of the affordable housing development | | district. |
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| | | 4.__Limitation.__For affordable housing development | | districts, a municipality may expend the tax increments | | received for any affordable housing development program only | | in accordance with the financial plan. |
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| | | 1.__Authorized project costs.__The director shall review | | proposed project costs to ensure compliance with this | | subsection. Authorized project costs are: |
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| | | A.__Costs of improvements made within the affordable | | housing development district, including, but not limited | | to: |
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