Opportunity Zones News

Sasha Favelukis

Activating OZ Communities with Business Container Parks, with Sasha Favelukis

How can incubating local businesses in shipping containers achieve Opportunity Zone community activation and gentrification without displacement? Sasha Favelukis is founder of CoPlace, a San Diego-based investment and advisory firm that performs a mix of real estate and local business investing. They specialize in community activation in Opportunity Zones. Click the play button below to

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Scott Turner

The White House’s Vision for Opportunity Zones, with Scott Turner

How can the resources of the Federal government be leveraged to help deliver generational impact to Opportunity Zone communities? Scott Turner is the newly appointed executive director of the White House Opportunity and Revitalization Council — a group of cabinet members and White House officials charged with coordinating Federal agency efforts to magnify the impact

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Puerto Rico

Puerto Rico passes Opportunity Zones regulatory bill

Puerto Rico Governor Ricardo Rosselló signed the Puerto Rico Opportunity Zones Development Act last week. The bill creates the regulatory framework for investing in Opportunity Zones on the island and establishes conformity with the federal tax incentive. Several additional incentives are also created by the new law, including: 18.5 percent tax on the net income

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John Lettieri

Opportunity Zones and Economic Dynamism, with John Lettieri

How was the Opportunity Zones initiative created in the first place? And why is this program so radically different from previous place-based policies? John Lettieri is co-founder and president of the Economic Innovation Group, a Washington, DC-based public policy organization that created the Opportunity Zones legislation and continues to inform the rulemaking process. Click the

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Tony Chereso

Opportunity Zones as Portfolio Diversifiers, with Tony Chereso

How can retail investors access alternative investments typically reserved for institutional investors? And where do Opportunity Zones fit into the universe of portfolio alternatives? Washington, DC-based Tony Chereso is president and CEO of the Institute for Portfolio Alternatives, a trade group tasked with advocating for awareness of portfolio diversifying investments (PDIs). Click the play button

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Lennox Jackson

Developing in Chicago’s Opportunity Zones, with Lennox Jackson

Chicago is home to 133 opportunity zones. But which neighborhoods on Chicago’s West and South Sides have the greatest levels of redevelopment need? And what are some of the challenges of acquiring capital for building in low-income communities? Lennox Jackson is founder and CEO of Urban Equities, a Chicago-based real estate developer and advisor that

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Lennox Jackson

Why Gentrification Is a Good Thing, with Lennox Jackson

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

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Department of Housing and Urban Development

HUD announces new FHA incentives for multifamily OZ properties

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

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