For months, real estate investors and developers have been setting up multimillion-dollar Opportunity Zone funds, hoping to cash in on a federal program that offers tax incentives to investors who pour money into properties in designated low-income neighborhoods. On Wednesday, President Trump signed an executive order to direct resources to state and local municipalities, to improve basic conditions within the 8,700 designated Opportunity Zones. Businesses in the zones could also be eligible for some of […]
source https://therealdeal.com/miami/2018/12/12/trump-boosts-federal-resources-to-opportunity-zones-as-real-estate-investors-keep-pouring-in/#new_tab
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