How Opportunity Zones May Help Affordable Housing Development

How Opportunity Zones May Help Affordable Housing Development



The Tax Cut and Jobs Act of 2017 passed late last year includes a provision to allow states to designate “Opportunity Zones” in low-income areas. Investors who develop real estate or fund businesses in these zones are eligible for tax breaks. Governors have been working with mayors, county officials, and local leaders over the past few months to submit proposed zones to the U.S. Treasury Department.

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