The following type of development, redevelopment, or rehabilitation does not qualify for deductions under I.C. 6-1.1-12.1 et seq.: residential, all types, single, double, or multi- family, unless:
(A) The facility is a multi-family facility that contains at least 20% of the units available for use by low and moderate income individuals;
(B) The facility is located in an economic development target area; or
(C) The area is designated as a residentially distressed area.
(1987 Code, § 4-83) (Res. 19, 1985, passed 12-16-1985; Am. Ord. 23, 2019, passed 12-23-2019)