New State Group to Promote Opportunity Zones
A new California organization has been formed to help investors and developers take advantage of federal Opportunity Zones. CalOZ “will promote competitive, equitable and sustainable Opportunity Zone investments in California,” according to a release from the organization. “Our state must embrace new strategies to rebuild an upward economy that works for all Californians,” said Kunal Merchant,…
Read moreOpportunity zone investors wait for Treasury Department guidance, city approvals
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…
Read moreCuyahoga County collaboration to promote Opportunity Zone investments
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.
Read moreAlliant 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).
Read moreGov. Newsom says Trump-backed investment program could boost California
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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