Recent News

Tuesday, November 12, 2019

Reps. Hank Johnson, D-Ga., and Bobby Rush, D-Ill., introduced a bill last week to require investments that benefit from the opportunity zones (OZs) incentive to reach certain benchmarks in diversity and affordable housing. H. R. 4999 would require all qualified opportunity funds (QOFs) to have advisory boards for each OZ in which they invest.

Friday, November 8, 2019

Rep. Rashida Tlaib, D-Mich., this week sent a letter to the chairman of the House Ways and Means Committee and chairs of the subcommittees of the House Committee on Financial Services and House Committee on Oversight and Reform, to request an investigative hearing on whether political contributions influenced the designation of opportunity zones (OZs).

Wednesday, November 6, 2019

Reps. Ron Kind, D-Wis., Mike Kelly, R-Pa., and Terri Sewell, D-Ala., today introduced legislation to establish a reporting framework, disclosure requirements and a penalty structure for qualified opportunity funds (QOFs).

Wednesday, November 6, 2019

Sen. Ron Wyden, D-Ore., today introduced a bill to require information reporting from qualified opportunity funds (QOFs), end the designation of some opportunity zones (OZs), clarify some terms used in the OZ incentive and require a report from the Government Accountability Office (GAO) on the effectiveness of the incentive.

Monday, November 4, 2019

The U.S. Department of Housing and Urban Development (HUD) today released a frequently asked questions document explaining how certain public housing conversions in opportunity zones under the Rental Assistance Demonstration program are eligible for increased contract rents.

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