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 specializes in residential, retail, and commercial projects. Note: this is Part 1 of my conversation with Lennox. Click
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. Firstly, FHA has designated a team of senior underwriters who will ensure expedited review of applications for properties located in opportunity
Senate Bill 1344 would require the Treasury Department to collect data and issue a report on the effectiveness of the Opportunity Zones tax policy. The bill is sponsored by Cory Booker (D-NJ), Tim Scott (R-SC), Todd Young (R-IN), and Margaret Hassan (D-NH). The original Opportunity Zones legislation that was first introduced to Congress in February
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 passthroughs law group at Baker McKenzie, the largest tax law firm in the United States. Click the play
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. Comments are due July 1. A public hearing is scheduled for 10:00 a.m. EDT on July 9 at the New
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, TX and currently serves as the regional administrator of HUD Region VI, which encompasses
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 following the first tranche of proposed rules. And it goes a long way toward finally clearing
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 Rivera is head of tax and international business center director at Kevane Grant Thornton
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 RubinBrown. Additionally, he serves on the editorial advisory board for The Tax Adviser. And he’s also a regular contributor
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 than twice the size of the first tranche of guidance that was released last October and clarifies most
OpportunityDb.com provides world-class tools, education, and analysis to help interested parties discover opportunities in the federal Opportunity Zones program.
