Recent News

Thursday, April 19, 2018

The Treasury Department yesterday designated qualified opportunity zones (OZs) in Alabama, Delaware, Missouri, Ohio, Texas and the Northern Marianas Islands. Investors in qualified opportunity funds that make investments in qualified OZs can defer tax on prior gains until no later than Dec. 31, 2026.

Monday, April 9, 2018

The Treasury Department today designated qualified opportunity zones (OZs) in 15 states and three territories, the first such designations made after the creation of the areas by H.R. 1.

Wednesday, February 28, 2018

Connecticut, Maine and Indiana this week invited communities and economic development entities to comment on the selection of qualified opportunity zones for their states, j

Tuesday, February 27, 2018

The Treasury Department today released updated information about census tracts eligible for nomination as qualified Opportunity Zones. The areas include all census tracts that meet the New Markets Tax Credit (NMTC) program definition and additional contiguous census tracts eligible for designation as qualified Opportunity Zones. Governors must designate Opportunity Zones in their state by March 21, making those areas eligible for incentives for investors.

Monday, February 12, 2018

President Donald Trump’s proposed $4.4 trillion fiscal year 2019 (FY 2019) budget would cut by 18 percent U.S. Department of Housing and Urban Development (HUD) programs and would eliminate the HOME Investment Partnerships program, Community Development Block Grant program and Public Housing Capital Fund. Funding for HUD would be $6.8 billion less than annualized funding levels as per the continuing resolution for FY 2018 under the proposed FY 2019 budget.