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Four leaders in the opportunity zone space, including a former Trump administration official, said they think the Biden administration can improve the program.
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A 10% cut in capital gains taxes will sunset in a few weeks, and those running opportunity zone funds say now is the time to invest.
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California and Los Angeles remain hot spots for investment through the opportunity zone program, but the regions being targeted aren't the ones lacking funds.
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A Dec. 31 deadline for maximizing the program's tax benefits is motivating investors to place money into opportunity zone funds.
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Opportunity zone fund managers expect President Donald Trump and Congress will extend the program this year, leading investors to pour money into the space.
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Proposed reforms to the opportunity zone program aim to steer investment to rural areas, which studies show have received a small portion of the benefits.
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Under the new guidance, 3,309 census tracts qualify as rural opportunity zones, and investors can receive added benefits in them starting this year.
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The Senate Finance Committee's version of the tax and spending bill includes a new proposal to expand the opportunity zone program.
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The Virgin Hotel in New Orleans was appraised at less than half its previous value and is now being sold.
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The Sistrunk area is South Florida's most gentrified opportunity zone.
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