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Old 10-22-2018, 10:59 AM
 
73 posts, read 61,384 times
Reputation: 130

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New ‘Opportunity Zone’ Tax-Break Rules Offer Flexibility to Developers:

The Trump administration, trying to accelerate tax-advantaged investment in low-income areas, offered generous definitions and rules Friday in a long-awaited package of regulations.

The Treasury Department designed the rules for the Opportunity Zone program to give businesses enough flexibility and certainty to start making major investments, senior department officials said.

The program was a small piece of last year’s tax law and has been attracting intense attention from real-estate developers and fund managers who have been soliciting wealthy investors holding unrealized capital gains.

The Treasury designated nearly 9,000 census tracts as opportunity zones, here are some in Massachusetts:

(See map link to explore) https://esrimedia.maps.arcgis.com/ap...16332544f04542

Will it increase real estate values nearby?

Lowell, Lawrence, Marlborough, Framingham, Brockton, Clinton, Leominster, Fitchburg...
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Old 10-22-2018, 05:59 PM
 
652 posts, read 745,072 times
Reputation: 848
North Cambridge is on this list, seems off. There’s rough spots there sure but condos still are a half million dollars plus. South Medford too. And Gluocester? Portland peninsula?
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Old 10-23-2018, 02:51 PM
 
7,912 posts, read 7,762,469 times
Reputation: 4147
Is this the idea to replace CDBG? If so this isn't going to go over that well.
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