Category News

The SoLa Impact Opportunity Fund is planning to build an 84-unit multifamily development in Westmont, an unincorporated community in the South Los Angeles area. The project will include 21 units with permanent supportive and deed-restricted affordable housing. The building at…

Arctaris Impact Investors, a Boston-based investment firm, has launched the Arctaris Southwestern Pennsylvania Opportunity Zone Program. The program will invest $20 million into Opportunity Zones in Allegheny and Westmoreland counties in Pennsylvania, an area that includes Pittsburgh and the surrounding…

Hudson Partners Development has kicked off construction on an Opportunity Zone project in Schenectady, New York that will become a 4-building, 88-unit workforce housing property. The project is a joint venture between Hudson, Enterprise Community Partners, the Community Preservation Corp.…

Promised Land Opportunity Zone Farms announced the completion of a $29 million investment in a farm located in eastern North Carolina this week. The fund’s portfolio now stands north of $50 million with 8,300 acres of farmland across four states.…

The state of Maryland has awarded a total of approximately $500,000 to seven businesses located in Opportunity Zones through the Maryland Department of Housing and Community Development’s Neighborhood BusinessWorks Program. “Our state has been working hard to supercharge investment and…

The First Harvest OZ Fund is seeking to raise $100 million to invest in high tech hybrid farming businesses. Specifically, the fund will focus on building facilities used to grow organic produce using the Nutrient Film Technique (NFT). As the…

Silicon Valley Bank and National Equity Fund announced an initiative to invest $110 million in low-income housing tax credit deals by December 31. The initiative will leverage the tax advantages available from the Low-Income Housing Tax Credit program (LIHTC) and…

GTIS Partners announced the seventh investment of its Qualified Opportunity Zone Fund, forming a joint venture with Ryan Company to build a multi-story last-mile logistics facility in Seattle. The four-story building will be located at 65 S. Horton Street in…

Promised Land Opportunity Zone Farms announced this week a $50 million debt financing facility with Conterra Agricultural Capital. Promised Land was created to acquire farmland located in QOZs throughout the country. The fund currently owns approximately 3,800 across farms in…

Michelle Steel, a Republican representing California’s 48th congressional district, has introduced legislation that would extend the Opportunity Zone program beyond December 31, 2026. H.R. 4608, known as the Growth and Opportunity Act, also proposes a re-designation of qualified Opportunity Zones…