Land Use & Zoning
Pennsylvania's Keystone Opportunity Zones (KOZ) program provides which incentive to real estate development?
AFree land grants to qualifying developers
BState and local tax abatements and exemptions for businesses and residents in designated distressed areas✓ Correct
CGuaranteed mortgages for development in blighted areas
DExpedited zoning approvals for all development in designated zones
Explanation
Pennsylvania's KOZ program designates economically distressed areas and provides substantial state and local tax incentives — including real estate tax abatements — to attract development and economic activity. KOZ status can significantly affect a property's investment appeal and carrying costs.
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