Explore the Opportunity Zones case studies below which detail financing, community socioeconomic data, and projected economic impact of investments in operating business, real estate projects and developments from across the country. Click on the thumbnails below to download a case study of each project. The profiles of developments that incorporate Opportunity Zone investment to create new affordable homes were created in partnership with the National Council of State Housing Agencies (NCSHA).

The Phoenix Community

Location: Columbus, OH

Congressional District: OH-3

Opportunity Fund Manager: Cargominiums Opportunity Fund, LLC

QOZ Business: Opportunity Zone Development Group

Investment Date: Q4 2019

Project Details: Mixed-use building with reentry housing and support services

San Bernardino Medical Center

Location: San Bernardino, CA

Congressional District: CA-31

Opportunity Fund Manager: RevOZ Fund II LP

QOZ Business: RevOZ Capital

Investment Date: OQ 2019

Project Details: New office space for San Bernardino County Department of Behavioral Health’s Juvenile Justice Program

Agile Space Industries

Location: Durango, CO

Congressional District: Colorado 3rd

Opportunity Fund Manager: Center on Rural Innovation

QOZ Business: Agile Space Industries (Agile)

Investment Date: Q2 2020

Project Details: Innovation startup hires residents and diversifies the economic base in rural community

698 Prospect Phase I

Location: Pembroke, NC

Congressional District: North Carolina 9th

Opportunity Fund Manager: CEI-Boulos Capital Management, LLC

QOZ Business:

Investment Date: Q3 2020

Project Details: New student housing expands access to higher education and bolsters University's strategy to increase student enrollment

MLK Gateway I

Location: Washington, DC

Congressional District: DC At-Large

Opportunity Fund Manager: Menkiti Group - MG Capital

QOZ Business:

Investment Date: Q4 2019

Project Details: D.C.-based minority-owned businesses work with community members to create a center of commerce

Ox Fibre Apartments

Location: Frederick, MD

Congressional District: Maryland 6th

Opportunity Fund Manager: BCC Opportunity Zone I, LLC

QOZ Business: 400 Church Street Owner, LLC

Investment Date: Q3 2019

Project Details: Adaptive reuse of historic warehouse into 83 new affordable apartments


Location: Montrose, CO

Congressional District: Colorado 3rd

Opportunity Fund Manager: CORI Innovation Fund

QOZ Business: Proximity Space, Inc.

Investment Date: Q1 2020

Project Details: Mission-aligned investment in operating business aims to connect and enable startup ecosystems in rural, suburban, and metropolitan communities

Paramore Oaks

Location: Orlando, FL

Congressional District: Florida 10th

Opportunity Fund Manager: Alliant

QOZ Business: SunTrust

Investment Date: Q1 2019

Project Details: New energy-efficient apartment building for families; mixed-income with 96 affordable homes and 24 market-rate homes

The Tappan

Location: Cleveland, OH

Congressional District: Ohio 11th

Opportunity Fund Manager: PNC Bank

QOZ Business: Tappan Opportunity Zone, LLC

Investment Date: Q2 2019

Project Details: New mixed-use, mixed-income building with 95 apartments and a 2,000-square foot bakery