Prior Postings
U.S. Housing and Urban Development Secretary Ben Carson says opportunity zones are helping revitalize communities in the Hoosier State and across the country.
Local officials hope their towns can benefit from the federal tax incentive program. But skeptics say reaching low-income communities with it will be a challenge.
SEP 13, 2019 - A new alliance of city officials from across the country hailed Oklahoma City as a model for community development and promotion of inner-city projects using opportunity zone incentives. The delegation, led by Los Angeles Mayor Eric Garcetti and Bryan Barnett, mayor of Rochester Hills, Michigan, and president of the U.S. Conference of Mayors, ended their visit in Oklahoma City this week explaining how their new organization, Accelerator for America Advisory Council, is seeking to use opportunity zones to address stubborn challenges.
A development project that has topped out as Harlem’s tallest is already being put on the market — thanks to tax benefits set to expire at the end of 2028. The 125th Street buildings will include t…
Purchase price: $535,000. School (2 stories): 22,000 sf. Cafeteria: 3,700 s.f. Total approx.: 25,700 s.f. SFT -2: Multi-Family that allows 16.5 units/acre. Zoning Department is supportive of upzoning property to RO (Residential-Office) which allows 43 units per acre to achieve the proposed density of 85 units. 20 (1 BRs) in school. 65 additional units in new rowhouse buildings on vacant land adjacent to the school. (20) 1BRs, (30)2BRs, (35) 3BRs. All units at 60% AMI however sized to between 50-60% AMI.
Predictions of $200 to $300 billion investments in the nation’s 8,700+ OZones show the massive opportunity for the private sector.
California Gov. Gavin Newsom renewed his push for state-level opportunity zone tax breaks with a revised proposal that loosens rules for affordable housing and green energy projects to qualify.
More than 100 gather at JAXUSA Opportunity Zone conference.
The combination of opportunity zones and shared office space is creating incubators of start-ups and investors in underserved markets.
Opportunity zones provide benefits to investors, align with a growing generation’s emphasis on social good and create new opportunities for struggling geographies.