Multi-Housing News: How Opportunity Zones Progressed Through 2024

Opportunity Zones (OZs), created by the 2017 tax reform, aim to boost economic growth in low-income areas. Nearly six years in, they have attracted significant investment, especially benefiting early investors who accessed full tax benefits. Challenges such as high construction costs, inflation, and state tax non-conformity hinder broader adoption. Despite these hurdles, OZs have driven substantial housing development and community revitalization, with potential for even greater impact if more comprehensive data were available.