Internal Revenue Service
When it comes to Opportunity Zones, investors are excited about the potential for tremendous tax savings, but many are not buying in just yet. What’s the problem? Lingering questions about how, exactly, Opportunity Zones work. While HUD estimates the program could spur as much as $100 billion a year in investments, evidence suggests this potential is far from being realized. As interested parties await clarification from the Treasury, HUD is seeking public input as to how it can leverage its authority to encourage uptake and maximize the impact for distressed communities.