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•NDCC 40-63 Renaissance Zones <br />changes to allow for up to an 8-year <br />benefit for approved projects <br />•New Construction <br />•Rehab (with 75% current and true <br />value investment) <br />•Residential Purchase <br />•Commercial Lease <br />•For Rehab, the plan retains 5-year <br />benefit for investments of 50-74% <br />current and true value <br />DEVELOPMENT PLAN CHANGES –8 YEAR BENEFIT