The Opportunity Zones were recently launched as a bi-partisan effort of the White House. The goal is to encourage long-term private capital investment in low-income urban and rural communities.
The program offers long-term federal tax deferral on capital gains for investors investing in Opportunity Zones throughout the United States and additional tax exclusion from new capital gains achieved from those Opportunity Zone investments. Opportunity Funds are an equity investment tool. Investments and funds will own full assets or a shared ownership position in real estate and operating businesses located in the zones.