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2020 | 2019 | 2018 | 2017
Philadelphia, PA Revenue Losses from Subsidy Programs
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| Program Name | Program Type | Gross Revenue Loss | Reimbursement / offset | Net Revenue Loss | Type of Loss |
|---|---|---|---|---|---|
| Community Development Corporation (CDC) Tax Credit | Economic development in distressed areas) | $3,222,800 | $0 | $3,222,800 | Active |
| Development Abatement for New or Improved Residential Properties | Construction/rehabilitation | $1,532,863 | $0 | $1,532,863 | Active |
| Job Creation Tax Credit | Job creation | $604,237 | $0 | $604,237 | Active |
| Keystone Opportunity Zone (KOZ) Business Income and Receipt Tax Credit | Economic development | $94,690,137 | $0 | $94,690,137 | Passive |
| Keystone Opportunity Zone (KOZ) Net Profit Tax Credit | Economic development | $15,588,994 | $0 | $15,588,994 | Passive |
| Keystone Opportunity Zone (KOZ) Real Estate Tax Credit | Economic development | $7,280,122 | $0 | $7,280,122 | Passive |
| New Construction for Residential Properties | Construction/rehabilitation | $27,579,743 | $0 | $27,579,743 | Active |
| Rehab & New Construction for Commercial & Industrial Properties | Construction/rehabilitation | $42,772,031 | $0 | $42,772,031 | Active |
| Rehab Construction for Residential Properties | Construction/rehabilitation | $7,613,512 | $0 | $7,613,512 | Active |
| Tax Increment Financing (TIF) District(s) | Economic development (TIF) | $2,007,729 | $0 | $2,007,729 | Passive |
| TABULATED TOTAL | $202,892,168 | $0 | $202,892,168 |
