On July 9, Sarah Brundage, Senior Director, Public Policy, testified before the IRS on behalf of Enterprise on the second tranche of proposed guidance for Investing in Qualified Opportunity Funds.
On May 30, 2019, Enterprise submitted comments to the Treasury in response to the Request for Information (RFI) on Data Collection and Tracking for Qualified Opportunity Zones.
A new guide supported by Enterprise offers strategies for CDFIs to use Opportunity Zones to create equitable and inclusive growth in lower-income communities.
Enterprise Community Loan Fund president Lori Chatman testified before the IRS on the proposed rule for Investing in Qualified Opportunity Funds. Chatman urged the IRS to ensure that there is transparency and accountability in the rules implementing the new Opportunity Zones tax benefit so that stakeholders, including Congress and the public, can evaluate the impacts and outcomes of investment in low-income communities.
The regulations for Opportunity Zones will have a profound impact on the ability of this tax incentive to create equitable and inclusive growth. Enterprise has identified four main priorities to share with the IRS. We encourage all affordable housing and community development stakeholders to submit their comments to the IRS before the December 28 deadline.
This week, President Trump signed an executive order creating an Interagency Council on opportunity zones to develop best practices and ensure that the new tax incentive is supporting economic growth and inclusion in the designated census tracts.
Recent Enterprise media coverage has built public understanding of the importance of creating well-designed, affordable homes in diverse, thriving communities.
The Internal Revenue Service (IRS) has published its proposed regulations and an accompanying revenue ruling on the Opportunity Zones tax incentive that was enacted in the Tax Cuts and Jobs Act of 2017.
The Treasury Department has released proposed rules and an accompanying revenue ruling for Opportunity Zones. Stay tuned as we complete our analysis of this initial round of guidance.
Use our Opportunity Zone Explorer mapping tool to locate Opportunity Zones by city, county or zip code, filter down by specific criteria, find details for any census tract in the U.S., compare characteristics of Opportunity Zones within each state, and more.
Our Community Engagement Toolkit within Opportunity360 is an online database of tools, best practices and case studies presented in a user-friendly format that’s relational, searchable, filterable and keyword-enabled.
As we reflect on one year of Opportunity360, we're sharing how the platform has shaped and transformed conversations about what opportunity is, how it can be measured and how we all benefit when we work to improve pathways to it.
Are you now living or working in an Opportunity Zone? Is the community you serve a newly-designated Opportunity Zone? Are you thinking about investing in Opportunity Zones? If your answer is “yes” to any of these questions, you may be interested in understanding more about the characteristics of those neighborhoods.
While potential investors and Opportunity Fund managers have been diligently modeling different fund structures and investment options in recent months, it has become clear that many are awaiting further clarification and guidance from the Internal Revenue Service (IRS) before finalizing their strategies and deploying capital into Opportunity Zones.
The U.S. Department of the Treasury and the IRS have announced the approval of Opportunity Zone designations in Florida, Nevada, Pennsylvania and Utah. With this final round of approval, Opportunity Zones have now been designated in all 50 states, the District of Columbia and five territories.
This morning, Terri Ludwig, Enterprise’s CEO, testified before Congress on the new Opportunity Zones provision that was included in the Tax Cuts and Jobs Act of 2017. Read more about the hearing and Enterprise's role in the implementation of this new tax incentive.
Enterprise has provided multiple resources on Opportunity Zones since the provision was enacted in the Tax Cuts and Jobs Act of 2017, and Terri Ludwig, chief executive officer of Enterprise Community Partners, has been asked to testify before Congress on “The Promise of Opportunity Zones.”
On episode 5 of Building Blocks, deconstruct the potential impact of Opportunity Zones and how Enterprise is helping frame the conversation with Enterprise's Laurel Blatchford, Rachel Reilly, and Flora Arabo,
Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) designated Opportunity Zones in 15 states and 3 territories – issuing approvals for all states and territories that submitted Opportunity Zone nominations by the March 21 deadline.
Enterprise has submitted comments to Treasury about the implementation of Opportunity Zones, drawing on our three decades of community investment work to recommend best practices for the rules and regulations, including encouraging direct and sustained community benefit.
Here's how to submit public comments on California's initial Opportunity Zones selections before final nominations are made. You'll have until March 15 to add your input.
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