Opportunity Zones News

Chris Paganelli

Chris Paganelli: How to Assess OZ Funds

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 advises high net worth clients on tax strategy, wealth preservation, and portfolio management — with a recent focus on qualified

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Daniel Kowalski

Daniel Kowalski: Upcoming IRS Regulations on QOFs

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 has said that they want qualified opportunity zone businesses “to sell to the world.” Daniel Kowalski is

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Jill Homan

Jill Homan: Community Development in Opportunity Zones

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 DC-based commercial real estate investor, developer, and Opportunity Zones advisor. She testified at the IRS hearing on Qualified Opportunity

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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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