Administration touts Opportunity Zone benefits

By Housing Finance

The OZ incentive was created to stimulate economic development and job creation in distressed low-income communities by incentivizing long-term capital investment. The incentive offers capital gains tax relief to those who invest in these targeted distressed areas. There are more than 8,700 census tracts designated as OZs in all 50 states, the District of Columbia, and the U.S. territories.

For its progress report, the CEA examined OZ investments and activities through the end of 2019. Highlights include: 

  • Through the end of 2019, OZs have attracted $75 billion in capital investments. According to the report, this figure represents 21% of all annual investment in OZ communities.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
August 2020
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31