Technical Assistance


CDFA Opportunity Zones Update Newsletter - January 19, 2021

Having trouble viewing this newsletter? View it online.
CDFA Opportunity Zones Update
January 19, 2021
View Archives
Opportunity Zones Update Newsletter


Announcing the Opportunity Appalachia Investor Convening
CDFA is pleased to partner with Opportunity Appalachia to bring their Investor Convening to a national audience on February 23-24, 2021. The virtual event will include 16 Opportunity Zones projects ready for investment in West Virginia, Virginia, and Ohio along with panel discussions about the importance of linking capital to rural Appalachian communities. Registration is now open and all interested stakeholders are encouraged to attend.

EDA Invests $3.5M in New Jersey Opportunity Zone
The Economic Development Administration is awarding a $3.5 million grant to the Carneys Point Township Sewer Authority in New Jersey. The grant will provide sanitary sewer service infrastructure improvements. The EDA grant, to be located in an Opportunity Zone, will be matched with $3.5 million in local funds and is expected to create 4,250 jobs and generate $547 million in private investment.

Reviewing Opportunity Zones With Steve Glickman and Ira Weinstein
CDFA Board Member Ira Weinstein from CohnReznick and Steve Glickman of Develop Advisors were interviewed about Opportunity Zones and how investments have evolved over time. Topics discussed include capital gains, popular metro areas for investment, potential changes to the OZ incentive, and creating investor certainty.

Maryland Dept. of Housing & Community Development Announces OZ Grants
Governor Larry Hogan announced $500,000 in grant awards to 13 small businesses to support investment in Maryland's designated Opportunity Zones. The microgrants, offered through the Maryland Department of Housing and Community Development's Neighborhood BusinessWorks Program, range from $10,000 to $50,000 for start-up and expanding businesses located within one of the state's Opportunity Zones.

Upcoming Events
Fundamentals of Economic Development Finance WebCourse

CDFA Federal Financing Webinar Series: Restoring Local Economies with Federal Partners
Tuesday, February 9, 2021 - 2:00 PM Eastern
The first installment of the 2021 CDFA Federal Financing Webinar Series will cover the various forms of financing programs available to state and local governments through Treasury, HUD, and EDA for restoring local economies.

Intro Opportunity Zones Finance WebCourse
April 28-29, 2021 - 12:00 - 5:00 PM Eastern
The Intro Opportunity Zones Finance WebCourse will bring together program designers, fund managers, communities, investors, and policy experts to educate and review the most up-to-date thinking and strategies on how to maximize Opportunity Zone designations and how best to attract zone investments. This interactive webcourse will help communities bring all economic development stakeholders to the table, and have a firm understanding of how the development finance toolbox can both encourage and supplement Opportunity Fund investments.

Opportunity Zones Headlines

After Rocky Start, Opportunity Zones Could Boom in 2021
Forbes | Jan. 19 | Opportunity Zones

Stock Market Rally Spurs Investment in Opportunity Funds
Bloomberg | Jan. 19 | Opportunity Zones

OZs Could Be the Place-Based Solution We Need to Tackle Food Deserts
Forbes | Jan. 19 | Food Systems Finance | Opportunity Zones | U.S. Dept. of Agriculture (USDA)

How Opportunity Zones Could Be Updated in a Democratic Congress
Sight Magazine | Jan. 19 | Opportunity Zones

Governor Lamont Announces $3.77M in State Funding for Bridgeport's Cherry Street Revitalization
State of Connecticut | Jan. 5 | Bond Finance | Brownfield Financing | Opportunity Zones

FAME Supports Expanded Internet in Maine with Opportunity Zone Fund
Penobscot Bay Pilot | Dec. 28 | Access to Capital | Infrastructure Finance | Opportunity Zones | Broadband | Case Studies


698 Prospect Phase I: Opportunity Zone Investment Profile
Housing Finance | Opportunity Zones
This investment profile from the Economic Innovation Group showcases 698 Prospect, a multi-phase development in North Carolina that includes student housing, commercial, and retail space. Impact investor Woodforest CEI-Boulos Opportunity Fund was joined by community lender Self-Help Credit Union to capitalize Phase I of 698 Prospect.

Agile Space Industries: Opportunity Zone Investment Profile
Innovation Finance | Opportunity Zones
This investment profile from the Economic Innovation Group showcases Agile Space Industries located in Durango, CO. Agile designs, manufactures, and tests integrated aerospace propulsion systems, and has the only independent propulsion test facility in the United States. Opportunity Zones equity of approximately $950,000 has been invested in the company to date.

MLK Gateway I: Opportunity Zone Investment Profile
Opportunity Zones | Tax Credits
This investment profile from the Economic Innovation Group showcases the MLK Gateway in Washington, DC. Located in the Anacostia neighborhood, MLK Gateway will bring new life to a historic Main Street corridor through a center of commerce, culture, and technology; foster community prosperity; and provide a vibrant mix of neighborhood-serving retail. Financing on the project includes OZ equity, NMTC equity, grants, credit enhancement, pre-development loans, and construction loans.

Large-Scale Solar Development: A Playbook for Southwest Virginia
Brownfield Financing | Energy Finance | Green Finance | Local Finance Program | Opportunity Zones | Property Assessed Clean Energy (PACE)
To ensure that Virginia's coal country doesn't miss out on opportunities in large-scale solar, the Solar Foundation and the Solar Workgroup of Southwest Virginia have developed a step-by-step guide for how municipalities and counties can encourage utility-scale or commercial solar projects. The playbook includes guidance on engaging stakeholders, identifying and resolving barriers, reviewing development proposals, and adopting local planning and zoning regulations to facilitate solar energy in legacy coal country. The publication also discussing financing options for using PACE, Opportunity Zones, and other programs to support solar projects.

Leveraging Development Finance Tools to Attract Opportunity Zone Investment
Access to Capital | CDFA Original Research | Community Development | Economic Development | Opportunity Zones | Organizational Management | Rural Development | Social Finance | Urban Development
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.

Five Strategies for Engaging Opportunity Zone Investors
CDFA Original Research | Community Development | Opportunity Zones
This quick guide, authored by CDFA and Skeo, outlines five key strategies for engaging Opportunity Zones investors including resources and tips that can help communities attract investment to their revitalization efforts.

The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


Displaying 1 - 30 of 45

July 19, 2022
May 17, 2022
February 15, 2022
January 18, 2022
December 21, 2021
November 16, 2021
October 19, 2021
September 21, 2021
August 17, 2021
July 20, 2021
June 15, 2021
May 18, 2021
April 20, 2021
March 16, 2021
February 16, 2021
January 19, 2021
December 15, 2020
November 17, 2020
October 20, 2020
September 14, 2020
August 18, 2020
July 21, 2020
June 16, 2020
May 19, 2020
April 21, 2020
March 17, 2020
February 18, 2020
January 21, 2020
December 17, 2019
November 19, 2019

CDFA National Sponsors

  • BNY Mellon
  • Bricker Graydon LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • Cirrus Secure
  • CohnReznick
  • Frost Brown Todd LLC
  • Grow America | Formerly NDC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor