Looming Deadline Kicking Off A Flurry Of Opportunity Zone Investment
September 29, 2021 | Jon Banister
A key deadline is approaching for investors looking to maximize the benefits of the opportunity zone program, and fund managers are preparing to receive an influx of capital in the coming months.
The opportunity zone program, passed into law in late 2017, comes with a series of incentives for investors to finance real estate projects and businesses in census tracts designated as needing investment. While the program will still provide benefits to investors for several more years, one of its incentives has a deadline for investors to place money into funds by the end of this year.
“It’s a big deadline, it comes up every day in every conversation,” said Javelin 19 principal Jill Homan, who advises opportunity zone investors. “Investors are motivated to not miss this deadline, so you have a lot of investors looking at allocating capital before the end of this year.”
