National Housing Conference Submits Comments on Implementation of Opportunity Zones

SAHF participated in the National Housing Conference's Opportunity Zones Task Force, which offered comments on how Treasury could offer guidance and exercise its statutory authority when implementing the Opportunity Zones program in order to prevent abuse and ensure the incentive benefits low-income people. The comments focus on:

I. How the Department of the Treasury could exercise its statutory authority to define and prevent abuse

II. Reporting requirements to track the outcomes of the OZ incentive

III. Guidance and clarification on OZ Businesses to maximize the availability of the OZ incentives to invest in housing, especially affordable housing;

IV. Gudiance and clarifications on OZ Businesses Property to maximize the availability of the OZ incentives to invest in housing, especially affordable housing;

V. Other issues

Read the full comments here