Can an owner of an IZ single-family home or condominium make improvements to an IZ property?

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Can an owner of an IZ single-family home or condominium make improvements to an IZ property?

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Yes. At the time the owner wishes to sell the unit, the City will allow a 5% deduction from the market value of the unit at that time in calculating its equity share as a way to allow an owner to recoup some (if not all) of their improvement equity.

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