The Government Accountability Office (GAO) was asked to review the implementation and use of the Opportunity Zones incentive. This newly-released report describes the process for designating census tracts as Opportunity Zones and compares characteristics of designated and non-designated tracts; describes Qualified Opportunity Funds' experiences with and states' views on the tax incentive; analyzes available IRS data; and evaluates IRS's taxpayer compliance plans, among other objectives.

Qualified opportunity funds QOFs tracked by Novogradac raised $20.28 billion by the end of September 2021, a jump of nearly 16% over three months. Novogradac is tracking 1,243 QOFs, of which 909 reported raising a specific equity amount.

CDFA members gener8tor and the Colorado Office of Economic Development and International Trade (OEDIT) have announced a new partnership aimed at growing businesses in Colorado's opportunity zones. The gBETA: Colorado Opportunity Zone Capital Accelerator program will use gener8tor's gBETA model to increase access to capital for businesses in the state's opportunity zones.

This webinar from the Economic Innovation Group looks at OZ initiatives that are intentionally designed to improve social, economic, and health outcomes for underserved Black and Latinx residents.

This podcast from OpportunityDb looks at how the Opportunity Zone marketplace has evolved since inception. Discussion topics include: growth of QOFs for operating businesses; trend toward smaller funds; potential legislative and regulatory changes that may be forthcoming; whether impact reporting may become a QOF requirement at some point; and analyzing the size of the Opportunity Zone marketplace.

Leo Gomez of the Brooks Redevelopment Authority looks at how Opportunity Zones and other tools have helped the redevelopment efforts of Brooks Air Force Base in San Antonio, TX.

CDFA-Bricker PACE Webinar Series: PACE 2.0 - The Next 10 Years
Tuesday, November 30, 2021 - 2:00 PM - 4:00 PM Eastern

CDFA Federal Financing Webinar Series: Preserving Local Food Systems with Federal Financing
Tuesday, December 14, 2021 - 2:00 PM - 3:30 PM Eastern

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This GAO report describes the process for designating census tracts as Opportunity Zones and compares characteristics of designated and non-designated tracts; describes Qualified Opportunity Funds' experiences with and states' views on the tax incentive; analyzes available IRS data; and evaluates IRS's taxpayer compliance plans, among other objectives.

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