Opportunity Zones: Biden's Wants More Community Benefits, Transparency

If you are interested in Opportunity Zones, you should expect some changes to the program under the new Biden Administration. The program is getting bi-partisan support, but Joe Biden and his team feel it's not doing enough to help distressed neighborhoods. The Biden website talks about reforming Opportunity Zones, to make sure they provide benefits to the local community and not just the investors getting the tax breaks.

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Links: 1 - https://www.nreionline.com/investment/cre-pros-laud-biden-s-proposed-changes-opportunity-zone-program 2 - https://www.whitehouse.gov/wp-content/uploads/2020/08/The-Impact-of-Opportunity-Zones-An-Initial-Assessment.pdf 3 - https://joebiden.com/racial-economic-equity/