Highlights from the One-Year Opportunity Zones Report
Department of Housing and Urban Development:
Reduced Federal Housing Administration (FHA) Mortgage Insurance Application Fee for properties located in Opportunity Zones
Established the Community Toolkit—learn about how YOUR community can plan for investments in Opportunity Zones
Added Opportunity Zones preference points for 18 competitive grants since 2018
Department of Commerce/Census Bureau:
Brought together the private and public sectors to develop digital tools that spur investment in Opportunity Zones, through The Opportunity Project
Department of Commerce/Economic Development Administration:
Added Opportunity Zones as an Investment Priority
Created web-based tool that offers information on EVERY Opportunity Zone
Department of Education:
Included a 10-point Competitive Preference Priority in grants to charter school developers for the opening of new charter schools
Department of Justice:
Made Opportunity Zones a priority consideration area for funding in response to the opioid epidemic
Department of the Treasury:
Promulgated FINAL regulations for the Opportunity Zones incentive, bringing clarity and certainty to investors
Read the full report here.