The federal “Investing in Opportunity Act” enabled the U.S. Department of the Treasury to designate 8,672 low-income census tracts nominated by governors across America as “Opportunity Zones." Individual and corporate investors whose funds are subject to capital gains tax liability can put those monies into “Opportunity Funds,” which invest in real estate projects, economic development and business initiatives in these Opportunity Zones. These investors obtain deferrals, reductions and exclusions from capital gains liability for long-term capital investments in underserved communities. There is an estimated $6.1 trillion in unrealized capital gains funding in America that could be invested in the coming years, which could help to spur revitalization in communities with low access to capital.
If your community has an Opportunity Zone, or your project is located in one, are you ready to put Opportunity Zones into action? Sustainable Strategies DC's Opportunity Zones practice can help prepare your community to attract Opportunity Fund investments, leverage resources for your real estate and economic development projects, connect with leading Opportunity Funds, apply for these resources, and put them into action:
Opportunities into Action
Sustainable Strategies DC is affiliated with other experts to ensure comprehensive and robust services on your Opportunity Zone projects, including the National Development Council (community development finance), Callay Capital (structuring financial deals), Urban Partners (market research & analysis), and others. Prices for services depend on the scope & complexity of the project(s), levels of funding sought, and the need for allied experts.
“The secret to success is to be prepared when your opportunity comes.” — Disraeli
“If opportunity doesn’t knock, build a door.” — Milton Berle
To view an interactive map of Certified Opportunity Zones CLICK HERE.
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