TRD Insights: Little evidence that Opportunity Zone program helps poor communities

The Opportunity Zone program has been a huge success for well-capitalized real estate developers, but not for the disadvantaged people it’s ostensibly designed to help. A new study from the Urban Institute (UI) suggests that Opportunity Zones have largely failed to promote investment in local small businesses, create new jobs or boost the development of affordable housing in low-income neighborhoods across the United States. Rather, Opportunity Zones incentivize investment in real estate projects that yield

source https://therealdeal.com/2020/07/06/trd-insights-little-evidence-that-opportunity-zone-program-helps-poor-communities/