Opportunity Zones Resources
Four census tracts qualified as Opportunity Zones (OZs) in San Mateo County. OZ is a new program designed to drive long-term capital to selected low-income communities by providing tax breaks (deferrals and cancellations) for investors willing to invest in Opportunity Funds (OFs). Check out the resources that national organizations such as Enterprise Community Partners, Smart Growth America and Local initiatives Support Corporations are crafting to help municipalities use OZs to build inclusive and healthy communities. The US Treasury will be developing regulations for the program during the summer and they are expected to launch the program Fall 2018 or early 2019. Stay tuned for more information!