Fact Sheet Leveraging Opportunity Zones to Boost Affordability in Hot Markets
Brett Theodos, Jorge González-Hermoso
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The Opportunity Zones tax incentive, created by the Tax Cuts and Jobs Act of 2017, was designed to spur investment in low-income and undercapitalized communities. How can stakeholders use the program to benefit disinvested neighborhoods and expand access to affordable housing? The experiences of investors, developers, government officials, and philanthropy representatives show how the incentive is working at the national and local level in King County, Washington.
Research Areas Economic mobility and inequality Neighborhoods, cities, and metros Housing
Tags Infrastructure Housing affordability Public and private investment Community and economic development
Policy Centers Metropolitan Housing and Communities Policy Center
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The Opportunity Zones tax incentive, created by the Tax Cuts and Jobs Act of 2017, was designed to spur investment in low-income and undercapitalized communities. How can stakeholders use the program to support affordable housing, finance small businesses, and boost job creation? The experiences ...