With contributions by Auyon Rahman and James Hargens of Summit Consulting

This is the first in a series of three blog posts in collaboration with CapZone Impact Investments discussing Opportunity Zones. In this post, we’ll explain what they are, provide an overview of recent legislative and regulatory changes to the program, and look at how these changes might impact interest in Opportunity Zone investments. In the second post, we’ll discuss how the Opportunity Zone incentive aligns with the Biden administration’s Build Back Better Plan. And in the third and final post, we’ll take a look at opportunities for Community Development Financial Institution (CDFI) participation in the Opportunity Zone space going forward.

Summit’s Auyon Rahman breaks down the dense regulations recently published by the IRS regarding the Opportunity Zone tax benefit.

In the second post of our Opportunity Zones blog series, Summit Senior Consultant Joe Bateman discusses how Opportunity Zones differ from other federal tax incentives for community development. To learn more on Opportunity Zones, you can read our first post here.

On this episode of Complexity Simplified, we discuss Opportunity Zones, one of the new tax benefits of the White House's recent tax bill.

In the first post of our Opportunity Zones blog series, Summit Senior Consultant Joe Bateman breaks down the legislation introducing the tax incentive, and how governors can efficiently determine which census tracks should be Opportunity Zones.