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�. 2 <br /> A projection of these amounts of Housing Funds based on target expenditures by age is shown <br /> on Table 9 and summarized below. <br /> Redwood City Needs by Age Test <br /> 2002-2014 Non-Senior Housing Senior Housing Total <br /> Proportionate Target At least 89. 7% No more than 10.3% <br /> Target Appropriation of $34,627,000 $3,990,000 $38,617,000 <br /> Housing Fund <br /> Projected Expenditures of $35,126,000 $3,491,000 $38,617,000 <br /> Housing Fund <br /> Thus, as shown, the Agency will meet both the proportionality test requirements for both needs <br /> by income level and by age. <br /> Keyser Marston Associates, Inc. <br /> 18610.001\030-003; 12/6/2004; DRAFT <br /> 31 <br />