Opportunity Zones investors get a Covid-19 lifeline

The federal government has extended the deadline for Opportunity Zone investors and developers to deploy capital and begin construction on projects because of the pandemic. The rules had required that twice a year the government check to ensure Opportunity Zone funds and investors had steered 90 percent of their money into designated projects as mandated. Now, the U.S. Treasury and Internal Revenue Service released modifications allowing those funds and investors to hold their money until

source https://therealdeal.com/2020/06/05/opportunity-zones-investors-get-a-covid-19-lifeline/