Hi ,
From developers to nonprofits, there's
a rush on for the tax breaks offered for investments in low-income neighborhoods, or “opportunity zones.”
These zones were created as part of the
tax overhaul and allowed governors to designate up to 25% of
their state’s low-income census tracts as tax-favored opportunity zones where
investors can defer taxes by taking capital gains from other investments and reinvesting them in these areas.Of course, management will be a challenge. This is for professional investors who have experience with low-income properties.
The hope is to generate economic energy in these areas, and with as little oversight as there is, investors are
excitedly gearing up to deploy capital in opportunity zones.
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