Tag Archives: Opportunity Zones

The national housing boom spurred an uptick in home prices in two-thirds of Congressionally-mandated Opportunity Zones.

A new report examines home price performance in Opportunity Zones as compared to that of other regions. Here's why the report suggests that "many distressed communities are ripe for the redevelopment that the Opportunity Zone tax breaks are designed to promote."

The report identifies legislation and executive actions that state governments have taken to address distressed housing.

A new report looks at these distressed areas and compares their values across the nation. How do they compare?

The Department of Housing and Urban Developments memo detailed 180 items the group has either begun or set to begin.

“Jobs and investments are pouring into 9,000 previously neglected neighborhoods thanks to Opportunity Zones, a plan spearheaded by Sen. Tim Scott,” President Donald Trump said at the 2020 State of the Union Address.

Secretary Dr. Benjamin Carson said the current recommendations “remove more of the red tape” that stands between the production of more housing.

The Chairwoman of the Hosue Financial Services Committee noted she is concerned over “fraudulent comments” made about the measure.

On December 19, 2019, the IRS published final regulations on Opportunity Zones. Here are some of the key takeaways.

Dr. Ben Carson, the department’s secretary, said the new incentive is a “path to financing that makes it realistic” to improve, renovate, and update these properties.