On Tuesday, Department of Housing and Urban Development (HUD) Secretary Ben Carson released a statement applauding the Securities and Exchange Commission’s (SEC) efforts to encourage Main Street capital investment in Opportunity Zones.
“Opportunity Zones provide a community-specific incentive for long-term investment,” said SEC Chairman Clayton. “The SEC staff statement and guidance about Opportunity Zones demonstrate that Main Street investors can invest in their communities in a manner that is compliant with our securities laws.” Read more about the SEC’s staff statement on Opportunity Zones here.
“Opportunity Zones have the ability to enhance thousands of communities and improve millions of lives across the country,” said HUD Secretary Carson. “The steps the SEC has taken will help unlock more investments into Opportunity Zones, and more investment means better outcomes for the residents of these distressed communities.”