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
Proximity
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