Archive for the ‘In the News’ Category

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Opportunity zone investors wait for Treasury Department guidance, city approvals

/   Daniel Rothberg, Nevada Independent

From Cleveland to Oakland, developers and politicians are talking about a new tax break they hope will encourage affordable housing and lure small businesses to low-income and rural areas. In downtown Reno this week, city planners, homebuilders and investors gathered to talk about how Nevada could take advantage of the tax break in areas known as…

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Cuyahoga County collaboration to promote Opportunity Zone investments

/   Jay Miller, Crain's Cleveland Business

The group, under the banner “Opportunity CLE,” has put together an investment prospectus and is developing a website and digital portal to attract both local and national investment to federally designated census tracts considered economically distressed. It also wants to ensure the investments have as much of what the group calls “social impact” as possible.

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Alliant Strategic Investments announces construction on affordable housing property in Opportunity Zone

Alliant Strategic Investments (“ASI”) announced that construction is underway on one of the first affordable housing properties in the nation to utilize the recent Opportunity Zone legislation alongside the low-income housing tax credit (LIHTC).

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Gov. Newsom says Trump-backed investment program could boost California

/   Ronald Li, San Francisco Chronicle

Newsom said the Opportunity Zones program could help address two of the state’s major challenges: promoting energy investment to meet its climate change goals and providing funding for housing amid a shortage that has exacerbated income inequality.

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These Opportunity Zone Investors Want to Support Local Businesses

/   Zoe Sullivan, Next City

Through the Tax Cuts and Jobs Act passed in 2017, the federal government has created nearly 9,000 “Opportunity Zones” in the U.S. to stimulate investment in low-income communities.

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