Land Use & Zoning
In Ohio, a 'community reinvestment area' (CRA) provides:
ALow-income housing tax credits to developers
BReal property tax exemptions or abatements for renovating or constructing property in designated areas✓ Correct
CODREPL licensing fee waivers for agents in rural communities
DFederal mortgage insurance for urban properties
Explanation
Ohio's CRA program (ORC Chapter 3735) provides tax exemptions or abatements to encourage rehabilitation or new construction in designated areas, stimulating reinvestment in targeted communities.
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