OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 8703, New London, Connecticut
Census Tract 8703 is a Low-Income CommunityOpportunity Zone located in New London, Connecticut.
This 1.5 square milecensus tract has a population of approximately 6,400and is one of 7 Opportunity Zones in New London County.
The adjacent map shows the location of this Opportunity Zone in Connecticut.
Census Tract 8703 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$25K |
This Opportunity Zone has a median household incomeof approximately $25,000, which is 68% lowerthan the median household income for the state of Connecticut of $79,000.
Poverty Rate
41% |
The percentage of households below the poverty line in this Opportunity Zone is 41%, which is 31% higherthan the rate for the state of Connecticut of 10%.
Median Home Value
$146K |
This Opportunity Zone has a median home valueof approximately $150,000, which is 46% lowerthan the median home value for the state of Connecticut of $280,000.
Education
76% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 76%, which is 15% lowerthan the rate for the state of Connecticut of 91%.
Median Age
22 |
This Opportunity Zone has a median ageof approximately 22, which is 46% 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 |