Opportunity Zone News

Greg Genovese and Steve Sego

How OZ Funds Are Adhering to Policy Intent, with Greg Genovese and Steve Sego

Are Qualified Opportunity Funds living up to the spirit and intent of the Opportunity Zone initiative? And how should social impact reporting be conducted? Greg Genovese is president of Sound West Realty Capital, a real estate development group based in the Seattle area. Steve Sego is president of the Waterman Group, a community redevelopment, investment, and mitigation company. Click the play button below to listen

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Eisenhower Executive Office Building

IRS Submits Final Opportunity Zones Regulations to OIRA for Review

The IRS has completed final regulations on Qualified Opportunity Funds and has sent them to the White House for review. The final set of regulations will merge and clean up the first and second tranches of proposed guidance. The final version is expected to be over 500 pages in length. The regulations are now under review at the Office of Information and Regulatory Affairs (OIRA),

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Michael Novogradac

Pairing Tax Credits with the Opportunity Zone Tax Incentive, with Michael Novogradac

How can different real estate tax credits (New Markets, Low Income Housing, Renewable Energy, and Historic) be paired with the Opportunity Zones tax incentive? Michael Novogradac is managing partner of Novogradac, a top 50 accounting firm and thought leader in the Opportunity Zone industry. Click the play button below to listen to my conversation with Michael. Note: This is Part 2 of my two-part conversation

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Opportunity Zones Tools & Resources

OZ Podcast

Listen to guest interviews with opportunity zone industry experts.

Guide to OZ Investing

New to opportunity zones? Read our Ultimate Guide.

QOZ Fund Database

Our complete list of qualified opportunity zone funds

Opportunity Zone Map

Find out if your property lies in one of over 8,700 opportunity zones.

Tax Calculator

Use our OZ fund tax calculator to determine potential savings.

How the Opportunity Zone program works...

Step 1:
Defer Capital Gains

When you invest your capital gains in a Qualified Opportunity Zone Fund, you can defer those gains until December 31, 2026.

Step 2:
Reduce Capital Gains

When you invest your capital gains in a Qualified Opportunity Zone Fund, you can reduce your capital gains by up to 15% after a 7-year holding period.

Step 3:
Pay Zero Capital Gains Tax

You pay zero capital gains taxes on your investment growth within a Qualified Opportunity Zone Fund after a 10-year holding period.

Opportunity Zones

By The Numbers

Census Tracts

The total number of census tracts certified as Opportunity Zones by the U.S. Treasury. (Full List)

$ 1

Unrealized capital gains eligible for Opportunity Zones investment and tax treatment. (Source)

$ 1

Treasury Secretary Steven Mnuchin’s estimate of private capital that will flow into Opportunity Zones. (Source)

What the experts say...

I think there's going to be over $100 billion of private capital that will be invested in opportunity zones. ... This will unlock lots of capital that was tied up that never would have been sold to reinvest in these communities.
This will be the biggest economic development program in U.S. history. It will move 30 times as much capital as the next biggest economic development program that exists right now.

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