How can I qualify for a CRA tax abatement?

You must own a residential or business property within the CRA and do one of the following: (1) Undertake new construction of a commercial/industrial building or one or more residential units, or (2) Expand or rehabilitate an existing residential, commercial or industrial building to an extent that it increases the taxable real property value.

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1. What is a Community Reinvestment Area (CRA)?
2. How does a CRA tax abatement work?
3. How can a CRA tax abatement help me?
4. How can I qualify for a CRA tax abatement?
5. How much of a tax abatement can I receive?
6. How do I apply for a CRA tax abatement?
7. Who reviews and approves my CRA application?
8. Will a CRA tax abatement reduce the taxes that I paid on the property prior to new construction, expansion or renovation?
9. If I receive a CRA tax abatement, will my taxes go up or down during the abatement period if my property is re-assessed or if a tax levy is passed?
10. What happens to my tax bill at the end of the tax abatement period?
11. Why was this part of Xenia selected for the CRA, and not ALL of Xenia?