- A common thread throughout the Forbes Opportunity Zones Summit in Newark this week: Ensuring those living and working in Opportunity Zones are empowered to use the tax incentive to take an ownership stake in their own neighborhoods.
- Rockefeller will provide funding and human resources to six cities, beginning with Newark, over two years to support city-level Chief Opportunity Zone Officers, as well as community engagement specialists.
- Jim Sorenson, an early proponent of Opportunity Zones, is seeding the fund with $10 million.
- The San Francisco-based low-income housing lender is piloting a new structure to free capital to finance additional affordable unit
- The 169-page Treasury document of proposed new rules for Opportunity Zones removes substantial obstacles for investments in local operating businesses.
- Conversations around Opportunity Zones have matured from what to how as deadlines loom for claiming full tax benefits.
ImpactAlpha, April 9 –What’s difference do Opportunity Zone tax breaks make for a commercial real estate fund? San Francisco-based real estate company M31 Capital has launched a $25 million Opportunity Fund to buy up vacant and underutilized apartment and mixed-use properties in the San Francisco Bay Area and restore them as entry-level workforce housing. M31