The federal Opportunity Zones program has been wildly popular with investors and developers, but critics say the tax incentive program has so far not gone to areas most in need. Now, the Department of Housing and Urban Development has announced an initiative to encourage affordable housing investment within the thousands of Opportunity Zones nationwide. The Federal Housing Administration’s low-income housing tax credit financing pilot program will now include “new construction” and “substantial rehabilitation” projects, HUD […]
source https://therealdeal.com/miami/2019/02/25/hud-expands-low-income-housing-tax-credit-program-to-encourage-opportunity-zones-investment/#new_tab
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