Investment firms are scrambling to cash in on the federal Opportunity Zones plan, hoping to take full advantage of the generous tax incentive program ahead of a looming deadline. Enacted late last year, the program provides tax deferments and tax breaks to developers and investors who build projects in designated low-income neighborhoods across the country. Already, a handful of firms have launched $500 million so-called opportunity funds — others have targeted far smaller amounts — […]
source https://therealdeal.com/2018/10/09/whos-that-knocking-investors-rush-to-set-up-opportunity-zone-funds-ahead-of-deadline/
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