Secretary of Treasury Steven Mnuchin was interviewed by The Hill’s editor-in-chief Bob Cusack during a live event last week. The interview was wide-ranging, but briefly covered the new opportunity zones tax incentive, where Mnuchin expressed his optimism in the program.

Mnuchin said:

I think there’s going to be over $100 billion of private capital that will be invested in opportunity zones.

He went on to say that he believes this program “will unlock lots of capital” that otherwise never would have been used to reinvest in these communities.

Watch the interview below. The opportunity zones discussion begins at 4:33.