Home Prices Rise in Opportunity Zones, But Lag Behind Nationwide Gains
Attom Data Solution's third-quarter opportunity zones report reveals that opportunity zones, like the housing market at large, experienced a strong quarter, which yielded price growth. However, those gains still fell below the pace of broader metro areas across the U.S., about 75 percent of which saw prices increase by more than 10 percent year over year.
Top Questions to Ask Before Investing in an Opportunity Zone Fund
What are the biggest questions you should ask before investing in an Opportunity Zone fund? With many investors facing a year-end deadline for rolling over their capital gains into an Opportunity Zone investment, know which questions to ask any fund manager before writing that big check.
Some Good News about Opportunity Zone Investments: Workforce Housing Developers See Promise
Can Opportunity Zones play a lead role in workforce housing development? The answer from Cincinnati: a resounding yes. Work commenced this summer on a $50 million mixed-use project called Willkommen in the city's Over-the-Rhine community.
Government Watchdog Report Underscores Lack of Opportunity Zone Oversight
With billions in tax revenue at stake, the U.S. Government Accountability Office said Congress should consider handing opportunity zone oversight to the Treasury Department. As a potential solution, the GAO asked congressional lawmakers to think about handing to the Treasury Department the authority to track how OZs perform.
Sustainable Agriculture Opportunity Zone Fund Closes Omaha, NE Investment
The Harvest Returns Sustainable Agriculture Opportunity Zone Fund recently funded the first tranches of an investment in a vertical farm and restaurant business that will produce locally-consumed food year-round in Omaha, Nebraska. The Sustainable Agriculture Opportunity Zone Fund invests to create a positive impact in the agriculture industry across economically disadvantaged regions of the U.S.
New Opportunity Zone Prospectuses Now Available for Ten Acadiana Communities
The Acadiana Planning Commission (APC) is thrilled to announce the publication and release of seven new Opportunity Zone (OZ) Prospectuses as part of the InvestAcadiana Opportunity Zone Initiative. These new community marketing tools highlight the livability and investment assets of Acadiana's rural OZ communities.
Understanding Opportunity Zone Investments in Multifamily Projects
On this podcast, multifamily housing leaders and hosts, Don Bernards and Garrick Gibson speak on Opportunity Zones with Executive Vice President of Baker Tilly Capital, Mike Fitzpatrick. They discuss the types of projects that are attractive to investors in the current market, the general underwriting benchmarks sponsors should be aware of, and how the election is impacting OZ equity.
What's Next for Opportunity Zones?
The closing months of 2020 will certainly be eventful, and opportunities zones (OZs) stakeholders will be watching to see how the incentive may be affected. A change in administration will mean that Democrats will have an opportunity to address the issues they see in the current administration's signature piece of legislation, the Tax Cuts and Jobs Act of 2017.