Opportunity Zones
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The new hotness for tech billionaires? Do-gooder investments they can write off on their taxes.

The new hotness for tech billionaires? Do-gooder investments they can write off on their taxes. | Opportunity Zones | Scoop.it
Sean Parker crafted a little-known part of the tax code called Opportunity Zones. Now every one-percenter in Silicon Valley wants in.
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New Executive Order: Trump to Steer More Money to ‘Opportunity Zones’

New Executive Order: Trump to Steer More Money to ‘Opportunity Zones’ | Opportunity Zones | Scoop.it
Mr. Trump’s order seeks to encourage development in the zones and reassure investors that they are viable places for investment. It will create a White House Opportunity and Revitalization Council, covering 13 federal agencies and led by Ben Carson, the Housing and Urban Development secretary. The council will work to prioritize opportunity zones in a variety of federal efforts, including grant funding, loan guarantees, infrastructure spending and crime prevention.
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A new executive order from President Trump was executed on 12/12/18.

Mr. Trump’s order seeks to encourage development in the zones and reassure investors that they are viable places for investment. It will create a White House Opportunity and Revitalization Council, covering 13 federal agencies and led by Ben Carson, the Housing and Urban Development secretary. The council will work to prioritize opportunity zones in a variety of federal efforts, including grant funding, loan guarantees, infrastructure spending and crime prevention.


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IRS Proposed Regulations for Qualified Opportunity Zone Funds

IRS Proposed Regulations for Qualified Opportunity Zone Funds | Opportunity Zones | Scoop.it
Treasury issued Proposed Regulations and a Revenue Ruling on issues with investing in and forming Qualified Opportunity Zone Funds and the OZ Fund’s investments in Opportunity Zone Businesses.
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The Opportunity Zones Community has been long awaiting regulations. On Friday 10/19/18 the IRS released 74 pages of regulations that included clarification as well as a draft certification form. 

I reviewed all 74 pages and have found this overview from NatLawReview.com to be very solid.


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Arizona Opportunity Zones & Detailed Opportunity Zone Program Overview

Arizona Opportunity Zones & Detailed Opportunity Zone Program Overview | Opportunity Zones | Scoop.it
In this guest post reprinted from TRENDReport, Learn about Arizona's Opportunity Zones and Opportunity Funds, a collaborative effort of the Arizona Commerce Authority and communities around the state enabled by the Tax Cuts and Jobs Act.
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This guest post article is reprinted from TrendReport and was published on Picor/Cushman Wakefield's blog. 

While the initial portion focuses on Arizona Opportunity Zones specifically, a great overview is provided of the Opportunity Fund requirements for investing in real estate businesses and business property. Well worth reading!

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An Increasing Number of New Real Estate Funds Target Opportunity Zones

An Increasing Number of New Real Estate Funds Target Opportunity Zones | Opportunity Zones | Scoop.it
The more than 8,700 certified Opportunity Zones are leashing considerable number of new CRE investment funds.
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National RE Investors Online notes the increase of Opportunity Zone Real Estate Funds around the country. They noted Virtua Partners and Fundrise. In addition, local Opportunity Funds such as Orlando Opportunity Fund have sprouted with the goal of creating local impact in their respective community. 

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Opportunity Zones: The Tax Efficient Investment Of The Future

Opportunity Zones: The Tax Efficient Investment Of The Future | Opportunity Zones | Scoop.it
The Investing In Opportunity Act has created Opportunize Zones across America for Opportunity Funds and entrepreneurs to invest in for great tax benefits.
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Great overview of the Opportunity Zones program by Financial Samurai. Well worth reading, but there are far many more opportunity zones outside of the one at Fundrise that they referenced. For instance, the Orlando Opportunity Fund focuses on making investments in Central Florida Opportunity Zones in both real estate and startups.

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The new hotness for tech billionaires? Do-gooder investments they can write off on their taxes.

The new hotness for tech billionaires? Do-gooder investments they can write off on their taxes. | Opportunity Zones | Scoop.it
Sean Parker crafted a little-known part of the tax code called Opportunity Zones. Now every one-percenter in Silicon Valley wants in.
more...
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Benefits of Real Estate Investing in Opportunity Zones

Benefits of Real Estate Investing in Opportunity Zones | Opportunity Zones | Scoop.it
An Opportunity Zone aims to motivate economic development by providing tax benefits and incentives to real estate investors. What are those tax benefits?
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Mashvisor shares an overview of the Opportunity Zones program and the benefits of real estate investing in Opportunity Zones.

Want to learn where Opportunity zones are? View our Opportunity Zones Map.

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A Window Of Opportunity: The Forbes overview of the Opportunity Zones Program

A Window Of Opportunity: The Forbes overview of the Opportunity Zones Program | Opportunity Zones | Scoop.it
For the first time in history, a vacant parcel of land on the Lower East Side of Manhattan has a common economic thread with low-income areas in Idaho.
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In this article Forbes shares their take on the Opportunity Zones Program including program overview, tax benefits, community impact and more. To learn more about Opportunity Zone Tax Benefits visit our overview.

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Opportunity Zone Funds to Deliver Tax Breaks & Community Impact

Opportunity Zone Funds to Deliver Tax Breaks & Community Impact | Opportunity Zones | Scoop.it
The new tax act allows investors to funnel capital gains into economically distressed areas, but investors want proof of impact...
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This article from Barrons shares an overview of the Opportunity Zones program, but also brings up the point of creating community impact as compared to merely delivering investor returns and tax incentives.

 

Transparency is also critical for foundations and high-net-worth individuals who want assurance their dollars are creating impact in a community, Seegull says. States and municipalities will want it so they can assess whether the programs are effective and worth continuing.

“I feel like it's important to the intent of the legislation versus it just being a tax break,”Seegull says.

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