Recent News

Thursday, September 12, 2019

The California state legislature tomorrow will adjourn for the year without considering opportunity zones (OZ) state conformity legislation. The deadline to introduce legislation for consideration in the 2019 legislature was Sept. 10. The next chance for the California state legislature to address OZ conformity will be when it reconvenes in January 2020.

Thursday, September 5, 2019

The U.S. Department of Housing and Urban Development (HUD) today published a revised notice that provides program instructions for the Rental Assistance Demonstration (RAD) program, including eligibility and selection criteria.

Wednesday, September 4, 2019

The U.S. Department of Commerce published a request for information notice in Tuesday’s Federal Register seeking input on how the federal government can align various programs and resources to encourage and facilitate beneficial investments in opportunity zones (OZs). The Department of Commerce seeks information from states, local and tribal officials, colleges, nonprofits, philanthropic organizations and other investors and stakeholders.

Wednesday, September 4, 2019

The Internal Revenue Service updated its Opportunity Zones Frequently Asked Questions (FAQs) page with guidance on when investors can adjust basis to fair market value, where a list and map of designated qualified opportunity zones (OZs) can be found, how to become a qualified opportunity fund and whether inventory in transit can be qualified OZ business property. The Sept.

Thursday, August 29, 2019

Issues concerning the low-income housing tax credit (LIHTC), historic tax credit (HTC) and new markets tax credit (NMTC) remain part of the Treasury Department’s 2018-2019 Priority Guidance Plan.

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