Now that the U.S. Treasury Department has released the proposed regulations that provide guidance for the Qualified Opportunity Zone program created through last year's new tax law, commercial real estate investors and developers are scrambling to get in on the action.
The program, which allows for the investment of capital gains into the development of economically distressed communities designated as “opportunity zones” for a tax break, is expected to spur $100B worth of development in blighted neighborhoods across the country, Treasury Secretary Steven Mnuchin estimates.
As plans for that activity begin to ramp up, Bisnow wants to hear from you. Are you planning to invest in or raise funds for a designated opportunity zone? Click here to participate in the survey or simply answer the questions below.
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