Three years after its creation, questions remain about the Opportunity Zones (OZs) investment initiative and how low-income communities and other potential stakeholders can benefit. Our new resource “The Guide to Making Opportunity Zones Work," available as a paperback or Kindle edition, seeks to provide a better understanding of the interconnected needs and goals of all players to help optimize outcomes for all.
Highlights for the Affordable Housing community include:
- A chapter dedicated to what real estate project developers need to know about OZs
- A look at the potential for combining OZ with NMTC, LIHTC, and HTC
- Explanations of the terms and tests unique to the OZ ecosystem
Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice specific to, among other things, your individual facts, circumstances and jurisdiction. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
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