Planning for Opportunity Zones Investments - 2019 REALTORS® Legislative Meetings

On May 17, 2019, at the REALTORS Legislative Meetings & Trade Expo, NAR hosted a discussion on planning for opportunity zone (OZs) investments. The focus of the discussion centered around the question of how the REALTOR® community can engage in efforts to ensure OZs are properly planned, implemented and ultimately beneficial for all members in the community. Several recommendations were offered such as understanding the gap of making a real estate deal happen, and how successful markets for Opportunity Zones will be made by norms and models put together at the local level.

The discussion was moderated by NAR's 2019 Chair of State and Local Issues Policy Committee and featured guest speakers Christopher Coes, Vice President, Land Use and Development at Smart Growth America; and Bruce Katz, Founding Director, Nowak Metro Finance Lab at Drexel University.

Qualified Opportunity Zones

The QOZ program was created in 2017 to encourage economic growth in underserved communities through tax incentives for investors.

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