NSP FAQ
Q

Does the NSP requirement to purchase a property at a 1% discount from its current, market value apply to the acquisition of property for redevelopment under Eligible Use E - Redevelopment?

Date Published: October 2012

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A

If a property is vacant and not abandoned or foreclosed, then the one percent discount does not apply.

 


Tags: NSP Redevelopment

FAQ ID:

1138