Opprotunity Zones - Insights From the Land of Oz

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Last week, the New Jersey Economic Development Authority (NJEDA) Board approved a new $20 million pilot program to support “rising real estate developers”. The Emerging Developer Fund is designed to help developers gain access to capital and build additional capacity to expand their existing portfolio.
Access to capital for “small-scale developers” in the real estate development

During the high brow discussions the last few weeks in Washington regarding the potential shut down of the Federal Government, it would have been very easy to miss one little legislative tidbit that happened last week.  Yes, you have read it correctly, the Bi-Partisan Opportunity Zones Transparency, Extension, and Improvement Act (H.R. 5761) was again

According to reporting this week from Novogradac, Qualified Opportunity Fund (“QOFs”) investments were sharply up in final 6 Months of 2021. While this is not overly shocking given the expiration of the 10% reduction benefit under the OZ Act on 12-31-21, the amount of deal flow and capital investment continues into 2022 at a fast

New York legislators have moved forward in their 2021 budget process to limit some of the state Opportunity Zone benefits that had previously applied in New York. Some commentators have pointed to the budget process reduction of benefits as a “left wing” reaction to former President Trump’s support of the federal OZ program (which applies

Who says our Congress is not interested in bi-partisan legislation? U.S. Representatives Tim Burchett (TN-02) and Henry Cuellar (TX-28) introduced a bi-partisan piece of legislation entitled the Opportunity Zone Extension Act of 2021. This bipartisan legislation would extend the Opportunity Zones program until the end of 2028.“The Opportunity Zones program was making a difference in

Notwithstanding PA’s easing of COVID-19 restrictions as of 8 am on January 4, 2021, Philadelphia has opted to extend restrictions on indoor dining, theaters, casinos and other indoor events until January 15, 2021 due to expectations regarding the holiday season.As such, Philadelphia will continue to prohibits indoor dining, indoor gatherings or events, theaters, casinos, colleges with

As of this afternoon, December 30, 2020, PA announced that the time-limited mitigation orders put in place on Dec. 12 will expire at 8 a.m., Jan. 4 as planned.
With the expiration of the Dec 12th time-limited orders, mitigation efforts will revert to  the original mitigation orders in place on Dec. 11.
Mitigation efforts that