California OZ Reporting Bill Updated with COVID-19 Details

Wednesday, April 29, 2020 - 3:30PM

A California state lawmaker amended a bill concerning opportunity zones (OZ) reporting to include the impact of the COVID-19 pandemic as a primary reason to use of the OZ incentive to build affordable housing. State Sen. Maria Elena Durazo updated the language of S.B. 1435, which would require the state to track OZ investments and make the information public. The COVID-19 public health crisis is cited as illustrating the need to have people housed as well as being identified as the cause for a greater need for affordable housing due to job losses among low-wage earners.

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