NES Financial has contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Veterans Investing — an Opportunity Fund supported by a back-end educational platform that offers real estate training to disabled military veterans.
The tax incentives associated with the Opportunity Zones (OZ) program were created to encourage long-term investment into targeted economically distressed areas across the country, with tax benefits accruing to investors at 5-, 7- and 10-year milestones.
Veterans Investing’s focus is on developing residential properties within these Zones — including low-income housing — supported by a network of military veterans trained by the organization to identify promising investments. Currently, Veterans Investing is working with a pilot group of just over 100 veterans.
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