OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 3, Fort Smith, Arkansas
Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Fort Smith, Arkansas.
This 2.5 square milecensus tract has a population of approximately 2,300and is one of 3 Opportunity Zones in Sebastian County.
The adjacent map shows the location of this Opportunity Zone in Arkansas.
Census Tract 3 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$35K |
This Opportunity Zone has a median household incomeof approximately $35,000, which is 29% lowerthan the median household income for the state of Arkansas of $49,000.
Poverty Rate
27% |
The percentage of households below the poverty line in this Opportunity Zone is 27%, which is 11% higherthan the rate for the state of Arkansas of 16%.
Median Home Value
$67K |
This Opportunity Zone has a median home valueof approximately $67,000, which is 52% lowerthan the median home value for the state of Arkansas of $140,000.
Education
75% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 75%, which is 12% lowerthan the rate for the state of Arkansas of 87%.
Median Age
33 |
This Opportunity Zone has a median ageof approximately 33, which is 15% lowerthan the median age for the state of Arkansas of 39.
Arkansas OZ Funds
There are 4QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Arkansasas a target market. Additional OZ funds may also invest in Arkansas; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Catalytic Opportunity Zone Fund | Business, Real Estate | Commercial, Hotel, Infrastructure, Mixed-Use, Office, Residential, Student Housing, Workforce Housing | $100M |
| Community Outcome Fund | Business, Real Estate | Commercial, Infrastructure, Mixed-Use, Residential | $500M |
| Maxus Opportunity Fund I | Real Estate | Commercial, Residential | $500M |
| Tigerback Ventures | Business |