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OZ Q&A with Jeff Feinstein and Jill Homan

Posted on February 19, 2025 by Blake Backer

Jeff Feinstein, Managing Partner, and Jill Homan, Managing Director, of Pinnacle Partners recently hosted an in-depth discussion regarding the current state of the OZ program and what the future may look like. 

You can watch the full video of that discussion below, which includes: 

  • What the potential is for the expansion of the OZ Program (2:14)
  • Overview of the current OZ tax benefits (6:30)
  • What we can anticipate in terms of the potential extension of the OZ tax benefits (7:50)
  • Summary of Novogradac’s OZ Working Group’s letter to the new administration, and what they recommended (10:25)
  • Why investors may want to consider investing now vs waiting for the extension (18:00)
  • How Pinnacle Partners’ BTR OZ Fund can help investors mitigate their tax burden (20:30)


By the way, in case you missed it, Scott Turner has officially been confirmed to lead Housing and Urban Development (HUD). 

This is another strong, positive sign that with the right players in the field, as Jill noted, that the OZ program extension and expansion of the benefits may potentially come into fruition soon. 

Be sure to stay up-to-date on all things related to OZ investing as we bring you the latest developments. We have an active offering – Pinnacle BTR OZ Fund – that consists of projects in the Southeast, which is being referred to as a “hotspot” for high growth, that are bringing build-to-rent communities that are poised to fill the housing demand. Learn more about the fund here.

Past performance of Pinnacle Partners OZ Funds is not indicative of future results. There can be no assurance that the fund’s objectives will be achieved or that cash distributions will, in fact, be made or, if made, whether those distributions will be made when or in the amount anticipated or that certain tax benefits will be available to investors. An investment in the fund is illiquid, speculative, and will involve significant risks. It is only offered to suitable and qualified investors. Full details about the fund and its associated risks can be found in the fund offering documents. 

Nothing in this blog post should be construed as tax advice.  Please confer with your tax adviser to determine if an investment in an OZ fund is right for you.