Opportunity Zones
Opportunity Zones Resources The authority to implement IRC 1400Z-1 and 1400Z-2 has been delegated to the IRS. The CDFI Fund is supporting the IRS with the Opportunity Zone nomination and designation process under IRC 1400Z-1 only. Treasury and IRS have issued final regulations on how the Qualified Opportunity Zone (QOZ) tax benefits under IRC 1400Z-2…
Washington –The U.S. Treasury Department and the IRS today issued final regulations implementing the Opportunity Zones tax incentive. Opportunity Zones, created by the Tax Cuts and Jobs Act, offer capital gains tax relief for investments in economically distressed areas. “Opportunity Zones are helping to revitalize communities and create jobs for hardworking Americans,” said Secretary Steven…
https://home.treasury.gov/policy-issues/top-priorities/tax-cuts-and-jobs-act/fairness-and-opportunity-for-hardworking Cutting red tape has been a core tenet of the Trump Administration’s economic policies. While the Tax Cuts and Jobs Act includes $5.5 trillion in gross tax cuts, it also includes $4 trillion in reforms, including the elimination of special-interest loopholes and protection of important tax benefits. The Act also created the federal…
Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 2017 with the purpose of spurring economic development and job creation in certain communities with private capital. Over 8,700 census tracts were certified as Opportunity Zones throughout the Unites States, including Puerto Rico and other US territories. A…
HWDC CELEBRATES WITH APRIL RICHARDSON GRAND OPENING OF “SAVOR” IN MARYLAND OPZONE Prince George’s County First Food Court HWDC Congratulates April Richardson, Founder of Food Opportunity LLC and the Grand Opening of Savor Food Hall. This is the second major business Ms. Richardson has founded within the past two years to support and grow local…
HWDC on the Move – Discusses Ongoing Plans with Mayor Andre Wallace to Build Mt Vernon, NY into a Smart City. HWDC Pres / CEO Darnell Sutton with Mt. Vernon Mayor Andre Wallace HWDC Pres/ CEO Darnell Sutton with Mt. Vernon Mayor Andre Wallace; Crown Castle Executives, Joanne Piquion & Curt Fox; Former Mayor Mt.…
HWDC On the Move – Now in Paterson, New Jersey with Mayor André Sayegh! HWDC Pres/CEO Darnell Sutton meets Paterson NJ Mayor André Sayegh regarding Smart City and Op Zone Initiatives. Darnell Sutton meets Mayor André Sayegh of Paterson NJ Darnell Sutton meets Mayor André Sayegh of Paterson NJ Mayor Andre Sayegh, Paterson, NJ with: Director…
HUD OFFERS $112 MILLION TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME PERSONS WITH DISABILITIES Available funding includes $75 million in capital to produce new housing WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for…
USDA Rural Development operates over fifty financial assistance programs for a variety of rural applications. Programs & Services USDA Rural Development operates over fifty financial assistance programs for a variety of rural applications. Select a category that best describes your situation, and see what RD can do to assist you. We also offer a list of…
Telecom Programs Announcement : For information about the broadband pilot program (ReConnect Program) authorized in the Consolidated Appropriations Act, 2018 please log into : https://reconnect.usda.gov USDA is investing in Rural Broadband to rebuild America’s infrastructure. Read more. Access to broadband has become essential for the social and economic benefits it provides to American residents, businesses, governments…
What are housing choice vouchers? The housing choice voucher program is the federal government’s major program for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. Since housing assistance is provided on behalf of the family or individual, participants are able to find…
One of the technologies in the 5G wireless portfolio enables a transmitter to operate on unlicensed frequencies. Technically, that may mean you don’t need to own frequency to be a 5G carrier One of the key selling points of 5G wireless technology to the world’s telecommunications providers has been the opportunity to enter new markets…
HUD SECRETARY BEN CARSON TO CHAIR WHITE HO– — USE COUNCIL ON AFFORDABLE HOUSING HUD No. 19-096 HUD Public Affairs (202) 708-0685 FOR RELEASE Tuesday June 25, 2019 HUD SECRETARY BEN CARSON TO CHAIR WHITE HO– — USE COUNCIL ON AFFORDABLE HOUSING WASHINGTON – Today, President Donald Trump signed an Executive Order establishing the…
July 11, 2019 – Companies Complete World’s First Low-Band Data Session on a Commercial 5G Modem – Low-Band FDD Spectrum to Enable Wider Coverage and Deeper Signal Penetration for Accelerated 5G Network Deployments Around the Globe Bellevue, Washington – July 11, 2019 – T-Mobile (NASDAQ: TMUS), Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ:…
By: David Hutter June 26, 2019 12:18 pm Newark Mayor Ras Baraka and New Jersey Institute of Technology President Joel Bloom used the occasion of the June 26 New Jersey Alliance for Action Inaugural Statewide 5G Construction/Smart Cities Conference to tout the technology infrastructure that wires the state’s largest city. Newark Mayor Ras Baraka. “The…
Opportunity Zones are designed to incentivize new equity investments in low-income communities nationwide. All of the underlying incentives relate to the tax treatment of capital gains, and all are tied to the longevity of an investor’s stake in a qualified Opportunity Fund. There are three core tax incentives: Temporary deferral: A temporary deferral of inclusion…
Restoring Reporting Requirements Key to Defending Opportunity Zones’ Promise BY SHAY HAWKINS May 20, 2019 The United States has now seen 94 consecutive months of positive job growth, highlighting the strength of the overall economy. Despite this tremendous economic progress, however, some communities stay disconnected from the benefits of this expansion. Even in otherwise prosperous…
The Economic Innovation Group (EIG) welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones, and reinstate impact and outcome reporting measures from the Investing in Opportunity Act. In the Senate, Senators Cory Booker (D-NJ), Tim Scott (R-SC), Maggie Hassan (D-NH), and Todd Young (R-IN) introduced a bill (S. 1344) that would establish a reporting framework for investments in Opportunity…
PUBLISHED MON, MAY 6 2019 9:00 AM EDTUPDATED MON, MAY 6 2019 10:04 AM EDT R. Paul Herman, CEO, and Noah Strouse, investment analyst, at HIP Investor KEY POINTS More than $2 trillion in unrealized gains sit on the ledgers of investors and corporations, according to the Economic Innovation Group. Investing these funds directly in 8,700 Opportunity…