Comments to HUD on the Review of HUD Policy in Opportunity Zones

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Summary
On June 17, 2019, Enterprise submitted comments to HUD on how to maximize the beneficial impact of public and private investments in urban and economically distressed communities, including Opportunity Zones.
Description

As both an advocate for low-income communities and an active Opportunity Zones fund manager, Enterprise believes the Opportunity Zones tax incentive should be used to advance equitable and inclusive growth. We believe investments made through socially-minded, responsible Qualified Opportunity Funds (QOFs) with a commitment to community engagement have the potential to transform communities, grow small businesses, and create broader access to opportunity. QOF investments should thoughtfully serve each low-income community’s unique needs—especially those of long-time residents and business owners—so that the investments do not lead to displacement but rather inclusive community benefits and growth.

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