OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 151, Pawtucket, Rhode Island
Census Tract 151 is a Low-Income CommunityOpportunity Zone located in Pawtucket, Rhode Island.
This 0.4 square milecensus tract has a population of approximately 4,700and is one of 18 Opportunity Zones in Providence County.
The adjacent map shows the location of this Opportunity Zone in Rhode Island.
Census Tract 151 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$36K |
This Opportunity Zone has a median household incomeof approximately $36,000, which is 49% lowerthan the median household income for the state of Rhode Island of $71,000.
Poverty Rate
24% |
The percentage of households below the poverty line in this Opportunity Zone is 24%, which is 13% higherthan the rate for the state of Rhode Island of 11%.
Median Home Value
$192K |
This Opportunity Zone has a median home valueof approximately $190,000, which is 32% lowerthan the median home value for the state of Rhode Island of $280,000.
Education
66% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 66%, which is 23% lowerthan the rate for the state of Rhode Island of 89%.
Median Age
35 |
This Opportunity Zone has a median ageof approximately 35, which is 12% lowerthan the median age for the state of Rhode Island of 40.
Rhode Island OZ Funds
There is 1QOZ Fundin the OpportunityDb database with an investment objective that specifically identify Rhode Islandas a target market. Additional OZ funds may also invest in Rhode Island; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Strategic Rivermont OZ Fund, LLC | Real Estate | Commercial, Energy Development, Hotel, Mixed-Use, Residential, Stadiums and Arenas, Student Housing | $100M |