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Economic Development Low-Income Issues

Holland & Knight LLP

D.C. Office of Planning Recommends Not Moving Forward with Inclusionary Zoning Amendment

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The Office of the Attorney General for the District of Columbia (OAG) filed a petition in December 2021 to amend Subtitle I of the Zoning Regulations to apply the Inclusionary Zoning (IZ) program to currently exempt Downtown...more

Pullman & Comley, LLC

Connecticut DEEP Announces a New Comprehensive Energy Strategy For 2022

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The Connecticut Department of Energy and Environmental Protection (DEEP) is charged by statute with periodically preparing and implementing a Comprehensive Energy Strategy (CES).  ...more

Manatt, Phelps & Phillips, LLP

Governor Newsom Unveils Historic Spending Plan for Recovery, Rebuilding, Renewal and Resilience

New Budget Based on Record Revenue Growth - Relying on a “once in a lifetime” surge of $65 billion or more in state revenues and an estimated $25 billion in new federal COVID-19 relief funds, Governor Gavin Newsom is...more

Orrick, Herrington & Sutcliffe LLP

Final Tax Regulations Offer More Certainty to Opportunity Zone Fund Managers and Investors

Opportunity Zone (or “OZ”) investment was hailed in 2018 and 2019 as the hottest and most innovative way of attracting significant private capital to distressed communities in the United States and its territories by offering...more

K&L Gates LLP

Private Fund Hot Topics - Critical and Emerging Issues: 2019 San Francisco Investment Management Conference

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OVERVIEW OF OZ RULES - - The OZ program was created by the Tax Cuts and Jobs Act, enacted in December 2017 to help direct economic resources to low income communities, spurring economic growth and job creation. - The...more

Cooley LLP

Blog: Consider Locating Your Startup in an “Opportunity Zone”

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In 2017, Congress created the Opportunity Zone program to encourage investment in economically distressed parts of the United States. While the Opportunity Zone program is primarily focused on providing tax breaks for...more

McGuireWoods LLP

Opportunity Zone Fundraising and Public Comment Update for 2019

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The advent of Opportunity Zones (OZ) offers players in the private finance and real estate communities a new way to enjoy tax incentives while helping economically distressed areas. Recently, the IRS and the Treasury...more

Butler Snow LLP

CDFI Fund Announces $3.5 Billion in New Market Tax Credits

Butler Snow LLP on

On May 23, 2019, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Entities (CDEs) $3.5 billion in New Markets Tax Credit (NMTC) allocation...more

Orrick - Finance 20/20

White House and HUD Publish Opportunity Zone Implementation Plan

On April 17, the White House Opportunity and Revitalization Council (Council) published its Implementation Plan, a detailed work plan for how the Council – chaired by U.S. Department of Housing and Urban Development (HUD)...more

Polsinelli

Opportunity Zone Digest – March 2019

Polsinelli on

The OZ Digest is a monthly update from the Polsinelli Opportunity Zones team. Our goal is to share everything opportunity zone (OZ) related from our team including firm and regulatory updates, events and thought leadership...more

Bilzin Sumberg

Opportunity Zones Create Funding Alternative for Social Infrastructure Projects

Bilzin Sumberg on

Under current legislation, tax-exempt and other low cost financing solutions are not typically available for social infrastructure projects....more

Pullman & Comley, LLC

Opportunity Zone Benefits and Incentives for Developers, Promoters and Potential Investors

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The “Opportunity Zone” community development program was established by Congress in the 2017 Tax Cuts and Jobs Act to encourage long-term investments in low-income urban and rural communities nationwide. ...more

Foster Garvey PC

Opportunity Zone Funds – Part I: Overview of the Law

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BACKGROUND - Sections 1400Z-1 and 1400Z-2 were added to the Internal Revenue Code of 1986, as amended (the “Code”) by the Tax Cuts and Jobs Act. These new provisions to the Code introduce a multitude of new terms,...more

Maynard Nexsen

Opportunity Zones Can Affect Your North Carolina Real Estate Investments

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On Friday, October 19, 2018, the Treasury Department issued its proposed regulations on the Opportunity Zones program. The proposed regulations provide some clarity and answers to many uncertainties surrounding the program....more

McAfee & Taft

Gavel to Gavel: What’s all the buzz with opportunity zones?

McAfee & Taft on

Have you heard? The major tax reform enacted at the end of 2017 created a new tax incentive to encourage investments in designated low-income areas called opportunity zones. Originally published in The Journal Record |...more

Mayer Brown

Questions and Answers from our Webinar Window of Opportunity: The IRS Issues Initial Guidance on Qualified Opportunity Zone Rules

Mayer Brown on

Below are questions submitted by the audience during our webinar Window of Opportunity: The IRS Issues Initial Guidance on Qualified Opportunity Zone Rules. The webinar was on November 2, 2018. Here’s the presentation from...more

Kilpatrick

Opportunity Zone Program Offers a New Tax Efficient Vehicle for Investors and Developers

Kilpatrick on

On December 22, 2017, President Donald Trump signed into law the Tax Cuts and Jobs Act (the “Act”), which contained a potentially lucrative tax incentive program (the “Opportunity Zone Program”) to encourage long-term...more

McGuireWoods LLP

Opportunity Zone Proposed Regulations Move Investors and Funds Forward

McGuireWoods LLP on

With the release of the Opportunity Zone proposed regulations, potential investors and funds eagerly awaiting this guidance began moving into the next phase of a plan to inject capital into low-income communities. Department...more

Kilpatrick

Opportunity Zones

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This white paper is designed to summarize the federal Opportunity Zone program to industry professionals and potential market participants. We summarize for readers the program’s tax incentive structure, how investment...more

Bracewell LLP

Bracewell Tax Report - November 2018

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The Bracewell Tax Report is a periodic publication focused on developments in federal income tax law, including the recently enacted Tax Cuts and Jobs Act, with emphasis on how such developments impact the energy, technology...more

Pierce Atwood LLP

Opportunity Zones: An Update

Pierce Atwood LLP on

The federal Opportunity Zone (OZ) program, created in December 2017, has been a major topic of discussion for investors, businesses, and project developers alike. It seems, however, that the utilization of the OZ program has...more

Greenberg Glusker LLP

Opportunity Zone Proposed Regulations

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The 2017 tax bill provides massive tax benefits to any taxpayer that recognizes capital gain (“Gain”) and that invests an amount equal to the Gain to acquire an interest (“Fund Interest”) in an “Opportunity Zone Fund” (a...more

Sullivan & Worcester

Structuring Opportunity Zone Funds

Sullivan & Worcester on

The Opportunity Zones Program created by the U.S. Tax Cut and Jobs Act of 2017 (the "OZone Program") and the first wave of proposed regulations issued by the Treasury Department on October 19, 2018 (the "Regulations") have...more

Goulston & Storrs PC

New IRS Regulations Issued: What’s Next for Opportunity Zones?

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Real estate developers, fund sponsors, and property owners have been eagerly awaiting guidance on the new Qualified Opportunity Zone ("QOZ") provisions included in last December’s Tax Cuts and Jobs Act. ...more

Seyfarth Shaw LLP

Qualified Opportunity Zone Proposed Regulations Provide a Path Forward for Fund Formations, But Leave Many Questions for Another...

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Seyfarth Synopsis: On October 19, 2018, the U.S. Department of the Treasury released long-anticipated proposed regulations (the “Proposed Regulations”) relating to investments in Qualified Opportunity Zones (“QOZs”)....more

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