Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Assessing community impact in Opportunity Zone projects



ImpactAlpha, Jan. 9 – The capital gains tax breaks available in the zones created, uh, opportunities that are both potentially transformative for low-income neighborhoods – and ripe for abuse.

New federal regulations don’t include rigorous impact safeguards, so industry leaders are attempting to fill the gap.

The Urban Institute’s Opportunity Zone Community Impact Assessment Tool starts by asking investors, project sponsors and others to rank community needs across six impact areas, including quality jobs, community wealth building, and affordable housing. Projects are scored on how well they align with community needs.

That can help impact investors evaluate potential investments, project sponsors improve their projects, and local governments and foundations determine the best use of public subsidies or other project support.

The tool, now open for beta testing, will help “shepherd, guide, winnow and target investments toward projects of greater community benefit,” Brett Theodos, a researcher at the institute who helped develop it, tells ImpactAlpha.  

Alongside other with other community-led decision making processes, “it can be a source for discussion and accountability as communities seek to attract investment to the places that need it most,” Theodos added.

Opportunity Zones Activity Map

The Economic Innovation Group has rounded up dozens of local and impact-oriented funds, deals and initiatives.

You might also like...