About Opportunity Zones

What are Opportunity Zones?

Opportunity Zones have the goal of spurring private and public investment in America’s underserved communities.

“Opportunity Zones are economically distressed communities, defined by individual census tract, nominated by America‚Äôs governors, and certified by the U.S. Secretary of the Treasury via his delegation of that authority to the Internal Revenue Service.

Under certain conditions, new investments in Opportunity Zones may be eligible for preferential tax treatment.

There are 8,764 Opportunity Zones in the United States, many of which have experienced a lack of investment for decades.”

Source: https://opportunityzones.hud.gov/

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