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Opportunity Zones represent a new tax incentive intended to connect private investment capital to low-income communities nationwide. LISC is one of many organizations working towards the successful implementation of this economic development tool, providing guidance through its inaugural stages and access to resources and tools.
In June 2019, LISC released The Opportunity Zone Playbook, a guiding framework on how to best support development that is inclusive of the residents and businesses already residing within the Opportunity Zones.
Leveraging Opportunity Zones
The Opportunity Zones incentive was established by the bipartisan Investing in Opportunity Act as an innovative approach to spur long-term private sector investments in low-income urban and rural communities. The Internal Revenue Service has created a helpful FAQ page.
The U.S. Department of the Treasury, Community Development Financial Institutions Fund, has also develop an informational resource page. In addition, they have developed an interactive map to help identify if an address in in a qualified opportunity zone.