Opportunity Zones News

Stefan Schimenes

Stefan Schimenes: Using AI to Improve OZ Investing

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 support investment decisions with data from numerous sources. Click the play button below to listen to my conversation with

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John Cochrane

OZ Framework: Measuring Impact in Opportunity Zones

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 Georgetown University’s Beeck Center for Social Impact + Innovation, created the Opportunity Zones Reporting Framework — a guideline that defines best

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Josh Burrell & Lane Campbell

Activated Capital: Blockchain Technology for Opportunity Zone Investing

Can blockchain technology revolutionize Opportunity Zones real estate investing? Security token offerings utilizing distributed ledger technology enables tokenization of assets, increased liquidity, reduction of costs, and improved transaction speed. And it has the potential to change how properties are sold and how deals are recorded. Josh Burrell and Lane Campbell at Activated Capital have an

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Kresge Foundation

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 open call for letters of inquiry from fund managers who were planning qualified opportunity fund offerings. In

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Downtown Boulder, Colorado

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 opportunity zone (census tract #08013012203) is subject to an emergency permitting moratorium while the city sorts

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IRS Building

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. OIRA is a branch of the White House’s Office of Management and Budget. OIRA will now review the proposed guidance for

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Loren Schirber

Loren Schirber: Triple Bottom Line Returns in Opportunity Zones

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 Advisors, which recently started raising capital for their DREAM Fund. DREAM stands for “Developing Real Estate in Emerging

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Jimmy Atkinson

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 economic development groups, working groups from different accounting and legal firms, policymakers, nonprofit advocacy groups, economic

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