OZ Pitch Day - July 20, 2023
Census Tract 1702, Meriden, Connecticut
Census Tract 1702 is a Low-Income CommunityOpportunity Zone located in Meriden, Connecticut.
This 0.2 square milecensus tract has a population of approximately 1,100and is one of 19 Opportunity Zones in New Haven County.
The adjacent map shows the location of this Opportunity Zone in Connecticut.
Census Tract 1702 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
This Opportunity Zone has a median household incomeof approximately $44,000, which is 44% lowerthan the median household income for the state of Connecticut of $79,000.
The percentage of households below the poverty line in this Opportunity Zone is 26%, which is 16% higherthan the rate for the state of Connecticut of 10%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $160,000, which is 43% lowerthan the median home value for the state of Connecticut of $280,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 79%, which is 12% lowerthan the rate for the state of Connecticut of 91%.
This Opportunity Zone has a median ageof approximately 34, which is 17% lowerthan the median age for the state of Connecticut of 41.
Connecticut OZ Funds
There are 3QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Connecticutas a target market. Additional OZ funds may also invest in Connecticut; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Beacon Rose Opportunity Zone Fund||Real Estate||Industrial, Mixed-Use, Multi-Family Housing, Residential, Student Housing||$100M|
|KindCare Assisted Living||Business, Real Estate||Residential, Senior Housing||$30M|
|Strategic Rivermont OZ Fund, LLC||Real Estate||Commercial, Energy Development, Hotel, Mixed-Use, Residential, Stadiums and Arenas, Student Housing||$100M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Connecticut properties.