What you need to know about Opportunity Zones
What are Opportunity Zones? Opportunity zone properties and funds have been around since 2018, but little is known about them outside of well-informed real estate investors and real estate professionals. Opportunity zones are often celebrated for their ability to move billions of dollars in real estate development investment to low-income communities. Each state nominates blocks of low-income areas by census tract, which are then certified by the IRS and U.S. Treasury. Investors may then create and Opportunity Zone Fund. The fund is required to hold at least 90% of its assets in that qualifying Opportunity Zone area. Don Honeycutt, ALC, … Read more