EIG Applauds Bipartisan Bill on Opportunity Zones Reporting Requirements

The Economic Innovation Group welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones.

“This bipartisan legislation will provide transparency regarding how and where capital gets deployed by Opportunity Funds,” said EIG President and CEO John Lettieri. He also said it would underpin “important analysis” of whether OZ implementation is “effective at facilitating the outcomes Congress intended.”

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The First Venture Capital Opportunity Zone Fund Opens in the U.S.

The Pearl Fund today announced the launch of a new investment vehicle focused on Opportunity Zone businesses.

Following the recent tranche of Opportunity Zone regulations, the 2019 Fund will raise $25 million from investors with capital gains who are seeking tax-free venture capital returns.

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The Best-Performing Opportunity Zones for Real Estate Investors

A new study by analytics firm Webster Pacific identifies the top Opportunity Zones for real estate investment.

In 22 of the country’s Opportunity Zones, the number of households with an income over $200,000 has grown by at least ten percentage points. “To see double-digit increases in a full 22 tracts raises the question: why were they identified as needing a tax break in the first place?”

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FHA Announces Series of Incentives for Affordable Multifamily Housing in Opportunity Zones