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Federal agencies asked to consider move into opportunity zones; Dan Gauthier, RLG transactional attorney handling many opportunity zone investments, comments

By Realtor Magazine

President Donald Trump signed an executive order this week for federal agencies to prioritize moving their offices to opportunity zones, low-income areas flagged for revitalization. The executive order could prompt some federal agencies, such as the Department of Labor and Department of Housing and Urban Development, to relocate their offices to designated census tracts under the federal opportunity zones program, The Real Deal reports.

All federal agencies will be asked to stop prioritizing city centers and central business districts when considering new offices and instead explore relocating to a designated opportunity zone.

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“Should federal agencies carry out President Trump’s order to prioritize relocation into qualified opportunity zones, there may be ancillary development opportunities (housing, for example), spurring more long-term investment in opportunity zones.”

– Daniel Gauthier, Rose Law Group Transactional Attorney
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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.