OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 704, Ponce, Puerto Rico
Census Tract 704 is a Low-Income CommunityOpportunity Zone located in Ponce, Puerto Rico.
This 0.1 square milecensus tract has a population of approximately 2,400and is one of 44 Opportunity Zones in Ponce Municipio.
The adjacent map shows the location of this Opportunity Zone in Puerto Rico.
Census Tract 704 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$2K |
This Opportunity Zone has a median household incomeof approximately $2,500, which is 87% lowerthan the median household income for the state of Puerto Rico of $20,000.
Poverty Rate
92% |
The percentage of households below the poverty line in this Opportunity Zone is 92%, which is 49% higherthan the rate for the state of Puerto Rico of 43%.
Median Home Value
$60K |
This Opportunity Zone has a median home valueof approximately $60,000, which is 45% lowerthan the median home value for the state of Puerto Rico of $110,000.
Education
65% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 65%, which is 14% lowerthan the rate for the state of Puerto Rico of 79%.
Median Age
25 |
This Opportunity Zone has a median ageof approximately 25, which is 42% lowerthan the median age for the state of Puerto Rico of 43.
Puerto Rico OZ Funds
There are 4QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Puerto Ricoas a target market. Additional OZ funds may also invest in Puerto Rico; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Community Outcome Fund | Business, Real Estate | Commercial, Infrastructure, Mixed-Use, Residential | $500M |
| HDP QOF | Real Estate | Hotel | $19M |
| Puerto Rico Opportunity Fund | Business, Real Estate | Affordable Housing, Commercial, Energy Development, Hotel, Infrastructure, Mixed-Use, Residential, Student Housing | $150M |
| Wefunder Puerto Rico Opportunity Fund | Business | $100K |