Real estate funds move into opportunity zones, raising concerns about displacement

  • FundRise has called for “a joint initiative among all opportunity funds” to share data about the impact of investments, including building “a shared framework and combined database.”

Impact investors mobilize around inclusive Opportunity Zones

The passage of the Investing in Opportunity Act created equal parts enthusiasm and anxiety. Now, worry has, at least in part, begun to shift toward a mobilization of resources, networks and identified best practices for effective community investment. The provision of last year’s U.S. tax bill lets investors defer and even reduce capital gains taxes by

Opportunity Zones need responsive, transparent and long term investments

  • Community development finance... is the backbone of strong cities and communities.
  • The Opportunity Zone program... is a significant departure from other community investment programs.
  • Investments in these zones... need to be responsive, transparent, long term and reach all communities that need them.

States have identified their Opportunity Zones. Now what?

Wednesday’s deadline for identifying such zones under a provision of last year’s Tax Cuts and Jobs Act forced tough choices. States were able to choose no more than one-quarter of their low-income neighborhoods for investments that will let investors defer and reduce capital gains taxes. An even tougher challenge is ensuring local residents aren’t displaced by