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.