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Opportunity Zones Newsletter Week of April 22, 2019

IRS Publishes Second Round of Proposed OZ Guidance

Proposed rules are updated and clarified, opening the door for more diverse investments.

While several key questions remain, the regulations remove many of the most significant hurdles that have held back investment since Opportunity Zonesbecame law, especially for investment into new and expanding operating businesses.

READ THE FULL EIG ARTICLE

New Opportunity Zones Rules Are Released. Will Developer Money Follow?

The government’s rules give more leeway to funds and businesses looking to invest in distressed areas nationwide.

The government released its long-awaited and latest set of Opportunity Zoneregulations last Wednesday, hoping to provide investors who have been on the fence with the clarity needed to begin developing projects in distressed areas.

READ THE FULL REAL DEAL ARTICLE

Opportunity Zones Are Open for Business: 5 Key Features of the New Guidance

Takeaways from last week’s release of updated proposed OZ rules.

Opportunity Zone legislation just got better and clearer,” writes Joshua Pollard. “For whom did it get better? Investors and communities. Is it perfect yet? No. Would it be a mistake to simply sit on the sidelines and wait for it to get better? Yes.”

READ THE FULL FORBES ARTICLE

‘Investors Are Hesitant’: Rural America Might Miss Out on ‘Opportunity Zones

Tax breaks likely aren’t enough to lure investors to low-income communities in rural areas. There are ways they can become more attractive.

Some analysts warn that even with the tax incentives, many rural areas — which account for roughly 40% of designated OZs — still likely won’t benefit unless state and local governments intervene to make investment less risky.

READ THE FULL GOVERNING ARTICLE

NES FINANCIAL OZ NEWS

OZ Industry Experts Share Their Insights

Watch the free webinar recording today.

We held a great webinar last week, hosted by NES Financial’s Reid Thomas and featuring representatives from Greenberg Traurig, Baker Tilly, Sixty West and Griffin Capital. Click through to watch the recording.

CLICK HERE TO WATCH THE RECORDING

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NES Financial to Sponsor Novogradac Opportunity ZonesSpring Conference

Leading OZ fund administrator will showcase its purpose-built administration platform.

Novogradac’s conferences are among the OZ industry’s most anticipated events — over 900 people attended their Fall OpportunityZones Conference last year, and even more are expected this time around.

READ THE FULL NES FINANCIAL ARTICLE

NES Financial: The leader in Opportunity Zone fund administration.

Based on our industry-leading experience in other specialized financial markets, we’ve developed the first purpose-built Opportunity ZoneFund Administration Suite — designed to minimize risk and maximize investor confidence.

LEARN MORE ABOUT HOW NES FINANCIAL’S OZ FUND ADMINISTRATION SUITE COULD HELP YOUR FUND.