Now Available: The Opportunity Zones Playbook
Now Available: The Opportunity Zones Playbook
Last week, Los Angeles-based development firm Banyan Residential, in partnership with Indianapolis-based firm, Milhaus, broke ground on Banyan Beckley, a $59 million multifamily development within a Dallas, Texas Opportunity Zone. Located just outside of downtown, this 279 unit project is…
Last week, Hoosier Solar Holdings, LLC, an Indiana-based energy company, announced plans to develop solar power facilities within Indiana Opportunity Zones. Hoosier Solar plans to involve local school groups and universities by providing job training and research opportunities for Indiana…
In contrast to New York where legislators are making their state less attractive for Opportunity Zone investment and investors, Alabama’s legislators are doing just the opposite. This week, the Alabama House of Representatives passed the Alabama Rural, Agribusiness, and Opportunity Zone…
This week, the New York state $212 billion budget passed by lawmakers included a provision decoupling the state and New York City tax codes from the federal Opportunity Zone tax incentive. Given New York’s budget issues, many think New York’s decision to decouple…
Baltimore-based developer and MCB Real Estate President, David Bramble, opened Yard 56 earlier this week, a mixed-use project seven years in the making. The project utilized environmental tax credits, New Market tax credits, and Opportunity Zone equity from Prudential Financial.…
Will the Opportunity Zone tax incentive be extended? Congressmen Tim Burchett (R-TN) and Henry Cuellar (D-TX) hope so, and early this year co-sponsored and introduced the Opportunity Zone Extension Act of 2021. To promote the bill and announce the rest of his economic…
This week, two new hotels opened their doors in Opportunity Zones. Hyatt House extended-stay hotel opened for business in downtown Rochester, Minnesota just steps from the Mayo Clinic. The hotel appears to be Rochester’s first Opportunity Zone project and is a part of a multibillion…
Taxpayers who recognized a gain in 2019 may now have until March 31, 2021 to invest in a Qualified Opportunity Fund, according to a new notice issued by the IRS. On the evening of January 19, IRS issued Notice 2021-10,…
The Opportunity Zones Podcast will return next week with new episodes for 2021. But in the meantime, here are the most popular episodes of the show in 2020 (presented in reverse chronological order). Highlights include interviews with Opportunity Zone experts…
In a report released earlier this week, the White House Council of Economic Advisers estimated that $75 billion of private capital has been raised by Qualified Opportunity Funds as of the end of 2019. The CEA used data from the…