Analysis for the OZ industry — page 24
Why Gentrification Is a Good Thing, with Lennox Jackson
Is gentrification a good thing? And why might affordable rate housing not be the best solution in certain low-income neighborhoods? Lennox Jackson is founder and CEO of Urban Equities, a Chicago-based real estate developer and advisor that
HUD announces new FHA incentives for multifamily OZ properties
Last Thursday, May 9 at the SALT Conference in Las Vegas, Department of Housing and Urban Development Secretary Ben Carson announced two new Federal Housing Administration incentives for multifamily properties located in Opportunity Zones.
New Senate bill would require Treasury to publish OZ data annually
Senators Tim Scott (R-SC) and Cory Booker (D-NJ) are co-sponsors of the new OZ reporting bill. Senate Bill 1344 would require the Treasury Department to collect data and issue a report on the effectiveness of the Opportunity Zones tax polic
Common Opportunity Zone Legal Questions, with Steve Schneider
What are some of the most common Opportunity Zones legal questions and issues when it comes to starting or investing in a Qualified Opportunity Fund? Washington, DC-based attorney and accountant Steve Schneider is the head of the passthroug
New regs post to Federal Register; commenting period is now open
The second tranche of IRS regulatory guidance on Qualified Opportunity Funds was released last month . This morning, it was posted to the Federal Register . Public comments on the proposed rules can be submitted at Regulations.gov . Comment
HUD's Role in Opportunity Zones, with Beth Van Duyne
What can the public sector do to magnify the impact of private investment in Opportunity Zones? And specifically, what policy levers is the Department of Housing and Urban Development able to pull? Beth Van Duyne is a former mayor of Irving
The best OZ regs recaps from around the Web
It's been one week since the IRS released the second tranche of regulatory guidance on Qualified Opportunity Funds . This guidance is a huge step in the right direction in terms of clarifying the biggest questions that OZ participants had f
Opportunity Zone Investing in Puerto Rico, with Maria Rivera
Nearly the entire island of Puerto Rico lies in an opportunity zone. But what are some additional taxpayer benefits to investing in Puerto Rico, now a year and a half removed from the destruction of Hurricane Maria? María de los Angeles Riv
Takeaways from the Proposed Opportunity Zone Regulations, with Tony Nitti
The long-awaited second tranche of IRS regulatory guidance on Qualified Opportunity Funds has finally arrived. What are the biggest takeaways? Tony Nitti is an Aspen-based real estate tax law expert, CPA, and tax services partner at RubinBr
IRS releases second tranche of opportunity zones guidance
The long-awaited second tranche of regulations on Investing in Qualified Opportunity Funds has been approved by OIRA and is now available for public comment. Click here to read the new regulations. The 169-page regulatory document is more t
How to Assess Opportunity Zone Funds, with Chris Paganelli
What are some due diligence best practices that every investor should undertake before investing in a Qualified Opportunity Fund? Chris Paganelli is a San Francisco Bay Area-based financial advisor at wealth management firm Stifel. He advis
Upcoming IRS Regulations on QOFs, with Dan Kowalski
The long awaited second tranche of IRS regulatory guidance on Qualified Opportunity Funds will produce a set of principles and safe harbors that will give investors the ability to move forward. The best part? One senior Treasury official ha
Community Development in Opportunity Zones, with Jill Homan
How has the Opportunity Zones program opened up community development to a different class of investors? And how will revitalization projects impact OZ communities? Jill Homan is founder and president of Javelin 19 Investments, a Washington
Treasury official answers questions on Opportunity Zones regulations
On March 12, the second tranche of IRS regulatory guidance on Qualified Opportunity Funds was submitted to the Office of Information and Regulatory Affairs. OIRA is a branch of the White House’s Office of Management and Budget. While the fi
Using AI to Improve OZ Investing, with Stefan Schimenes
How can AI be used to improve Opportunity Zone investing? Former AirBNB executive Stefan Schimenes founded InvestReal last month with a mission to create the first data-driven real estate marketplace for Opportunity Zones, using AI to suppo
Measuring Impact in Opportunity Zones, with USIIA's OZ Framework
Should the Treasury Department impose a community impact reporting requirement on Opportunity Zone investing? And what would a reporting framework even look like? Earlier this year, the U.S. Impact Investing Alliance, in partnership with Ge
Kresge Foundation awards grants to 2 OZ funds
The Kresge Foundation today announced that it is committing $22 million to Opportunity Zone funds offered by Arctaris and Community Capital Management. In June of last year, Kresge—in partnership with the Rockefeller Foundation—announced an
Boulder, CO taps breaks on Opportunity Zones development
The city of Boulder, Colorado has seemingly been wary of the federal Opportunity Zones tax incentive since the very beginning. Only one of 12 eligible census tracts within the city was recommended to state leaders. And now, that one opportu
IRS submits OZ guidance to OIRA for review
Following last month's hearing on Qualified Opportunity Funds , the IRS has completed its second tranche of regulatory guidance. Yesterday, the proposed rules were submitted to the Office of Information and Regulatory Affairs for review. OI
Triple Bottom Line Returns in Opportunity Zones, with Loren Schirber
How can real estate investing in opportunity zones create triple bottom line returns? And what are some ways we can measure the social impact of these investments? Loren Schirber is project pipeline manager for Minnesota Opportunity Zone Ad
Coworking Hubs and Startup Investments in Opportunity Zones, with Launch Pad
What will business investing in opportunity zones look like? Coworking hub and startup incubator Launch Pad may offer the best example I've seen so far. The husband-wife team of CEO Chris Schultz and president Anne Driscoll are on a mission
A Community-Driven Approach to Opportunity Zone Investing, with Erin Gillespie
What types of opportunity zone investments are community leaders looking for? And what can local communities do to incentivize investment in their opportunity zones? Joining me on the podcast to discuss these topics and more is Erin Gillesp
The IRS Hearing on Opportunity Zones: A Complete Recap
Who spoke at last week's public hearing on the Opportunity Zones program? What did they say? And which topics received the most attention? There were representatives from a wide variety of stakeholders that testified at the hearing—local ec
Recap of Feb 14 IRS public hearing on Opportunity Zones
This past Thursday, February 14, the IRS Auditorium in Washington DC was packed to capacity with over 200 attendees as stakeholders spoke during the public hearing on proposed regulations: “Investing in Qualified Opportunity Funds” [ REG-11