Land Use & Zoning
What is Ohio's Opportunity Zone program and how does it affect real estate investment?
AAn Ohio-specific program for affordable housing
BA federal program designating economically distressed areas where investment gains can be deferred or excluded for tax purposes✓ Correct
CA zoning classification for mixed-use development
DA state grant program for rehabilitation
Explanation
Opportunity Zones are designated by the federal government based on poverty and income data. Investors can defer or exclude capital gains taxes by investing in Qualified Opportunity Funds that invest in properties within these zones, stimulating economic development.
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