Arctaris Impact Investors and its affiliate management companies are investing through its Opportunity Zone funds in a $26.9 million redevelopment project that includes approximately 64,000 s/f of commercial space comprised of a grocery store, food hall and 28 residential units. The purpose of the project is to transform and revitalize Erie's downtown core, home to one of the poorest zip codes in the United States and a USDA-designated food desert.

KSU TAB and EPA Region 7 are presenting Attracting Investments to Rural Opportunity Zones on July 29, 2021. This free, 90-minute webinar will discuss what Opportunity Zones are and how rural communities specifically can benefit from them along with developing a community prospectus to attract investors or developers to OZ projects. Katie Kramer, CDFA Vice President, will be presenting during the conversation.

How much success have some Opportunity Zone investors had in deploying capital into early stage venture companies? This episode of the Opportunity Zones Podcast features Leonard Mills, CEO of Verte OZ, an Opportunity Zone fund that invests in high-growth disruptive businesses.

With roughly half of qualified opportunity funds focused on real estate projects and development, a significant group has chased real estate. On the commercial property side (including apartments, office, industrial, and retail), transactions carried a 14% to 20% price premium by capitalizing on tax benefits. While it is harder to quantify the impact of OZ's on single-family home prices, they produced an extra 2.2% per year in neighborhood home price appreciation.

CDFA will host the Intro Public-Private Partnership (P3) Finance Course this August as part of CDFA Summer School. This course examines how development finance agencies can adopt P3 principles to address a variety of projects and outlines basic P3 concepts, key players involved in transactions, asset valuation, contract negotiation, risk assessment, revenue stream development, and feasibility analysis.

Budget legislation signed by Ohio Gov. Mike DeWine includes a provision increasing the state opportunity zones (OZ) tax credit taxpayer cap per fiscal biennium to $2 million. The budget legislation retained the statewide cap of $50 million per fiscal biennium, but doubled the amount a single taxpayer can claim. The 10% credit is for investments in qualified opportunity funds that hold 100% of their invested assets in Ohio.

CDFA-Bricker PACE Webinar Series: Advancing Multi-Family Housing & Renewable Energy Goals with PACE
Tuesday, July 27, 2021 - 2:00 PM - 4:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Unlocking Capital for BIPOC-owned Businesses
Tuesday, August 17, 2021 - 2:00 PM - 3:00 PM Eastern

CDFA Federal Financing Webinar Series: Investing in Critical Community Facilities
Tuesday, August 24, 2021 - 2:00 PM - 3:30 PM Eastern

>>> VIEW THE OPPORTUNITY ZONES RESOURCE CENTER   

This guide, authored by CDFA and Skeo, provides an overview of various development finance tools and suggestions for how communities could use these tools to finance projects in Opportunity Zones. Each section includes additional resources to learn more, along with case studies to illustrate how development finance tools have been used to support revitalization goals in several Opportunity Zones.

This paper continues a white paper series demonstrating the ways in which traditional development financing is already supporting food systems, with a focus on finance tools that help to stimulate investment. An overview of investment tools, such as tax credits and opportunity zones, is provided with examples of current programs as well as an extensive collection of case studies to illustrate how these tools can make an impact.

How C-PACE can be used in Opportunity Zones featuring case studies of completed projects.

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