16 May 2020

Ready to OZ? > HERE'S MORE NEWS

Here's more on impact investing and tax-advantaged investment opportunities. The Opportunity Zones program, a place-based tax policy is intended to economically transform some of the poorest areas of the United States with new real estate and business development.
There are risks and opportunities involved in Opportunity Zone investing. 
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RELATED CONTENT ON THIS BLOG: 

06 January 2019

Updates On Opportunity Zones 2019

The hot topic of OZones has been featured multiple times of this blog for months, as faithful readers this site know well.
However, there's always more information to put in front of your eyes all the time. 
Highlighted today are two reports from 03 January 2019, backed up with inserts of streaming vids [Trump signing the Opportunities & Jobs Act on December 12, 2017] + an audio to save you time on what is a lengthy and detailed post today that also features links to what the City of Mesa has published online with an excellent aerial Map.
Tomorrow's Mesa City Council Study Session at 5:15 pm starts off with a look at the City's Annual Financial Review for the fiscal years ending June 30, 2018. 
The regular meeting will be presenting and discussing various ordinances and resolutions about more proposed real estate developments downtown that are within the OZone. 
Where Opportunity Zones stand, heading into 2019 . . .
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. . . Which brings us the primary criticism of the program. 
because these projects will take years to build and more years for their impact to play out, we won’t know how Opportunity Zones affected people one way or the other for potentially another decade. Right now, investors and developers are still just getting organized
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From Bloomberg News 
Will ‘Opportunity Zones’ Help the Rich, the Poor or Both?
By Noah Buhayar ‎January‎ ‎3‎, ‎2019‎ ‎10‎:‎00‎ ‎PM 
(Blogger Note: If this is one of your TLDR - Too Long Didn't Read - challenges, there's a 04:54 minute audio you can listen to at the underlined link above the article headline)
        
"Buried in the Republican tax overhaul that President Donald Trump signed into law in late 2017 are incentives for investors who fund businesses or develop real estate in new “opportunity zones.” Banks, private equity firms, insurance companies and wealthy individuals are now rushing to take advantage. Critics have raised questions about whether the tax breaks will spur development in places that really need it or just stimulate growth in communities that were destined to see investment anyway. . .
1. What’s an opportunity zone?
2. Why so many?
Opportunity Zones
                     
OppZonePPTphotoForWeb
The Opportunity Zones program is a federal program designed to spur community investment by providing tax benefits to investors. The City of Mesa has 11 census tracts that have been designated Opportunity Zones by the U.S. Department of the Treasury.
The map below highlights these tracts within the city boundaries.

Opportunity Zones News 

Urban Core Development in Opportunity Zones, with Alex Bhathal

May 13, 2020
The Sacramento Kings ownership group successfully spearheaded downtown Sacramento’s revitalization, which by the end of 2018 had resulted in a hugely positive community impact and a downtown job increase of 38 percent. Now, can they leverage the Opportunity Zone incentive to replicate this success in similar markets across the country? Alex Bhathal and his family
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Jill Homan

Opportunity Zone Success Strategies During COVID-19, with Jill Homan

April 29, 2020
How has the Opportunity Zone marketplace matured over the past 12 months? What has the investor response been? And is the current pandemic-instigated economic downturn threatening to change everything? Jill Homan is founder and president of Javelin 19 Investments, a Washington DC-based commercial real estate investor, developer, and Opportunity Zones advisor. Click the play button
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Dr. Jim White

The Book on Opportunity Zone Investing, with Jim White

April 22, 2020
What insights can be gleaned from the newest book on Opportunity Zone investing? Jim White, PhD is chairman and CEO of Post Harvest Technologies and founder of the PHT Opportunity Fund. He is also a best-selling author; his latest book is Opportunity Investing: How To Revitalize Urban And Rural Communities With Opportunity Funds. Click the
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IRS Building

IRS deadline extended for some Opportunity Zone investors

April 15, 2020
The IRS has extended the investment deadline for Qualified Opportunity Fund investors whose 180-day deadline falls between April 1 and July 15. The investment deadline for these individuals has been automatically extended to July 15, 2020. In general, this relief may apply to investors who recognized capital gains between October 4, 2019 and January 17,
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Chris Loeffler

COVID-19: How OZ Funds and Investors Are Responding, with Chris Loeffler

April 15, 2020
How are Opportunity Zone funds responding to the ongoing coronavirus pandemic? Find out why one Opportunity Zone fund walked away from $500 million worth of real estate deals last month. And could the current economic climate present some unique opportunities for investors? Chris Loeffler is co-founder and CEO of Caliber, a private equity real estate
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Jeanne Bonds

Opportunity Zone Strategies for Community Development, with Jeanne Bonds

April 8, 2020
How can investors, financial institutions, and other local stakeholders leverage the Opportunity Zone incentive to improve community development results? Jeanne Bonds is a professor of the Practice of Impact Investment and Sustainable Finance at UNC’s Kenan-Flagler Business School in Chapel Hill. She was formerly director of community economic development for the Federal Reserve Bank of
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