O’Hara Development Partners | Opportunity Zone Funds
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Opportunity Zone Funds

OPPORTUNITY ZONE FUNDS

U. S. investors currently hold $2.3 trillion in unrealized capital gains, representing a significant, untapped resource for economic development. Opportunity Funds allow investors throughout the country to deploy their resources as Opportunity Zone investments.

Certified by the U.S. Treasury Department.

Organized as a corporation or partnership for the purpose of investing in Qualified Opportunity Zone Property.

Holds at least 90% of assets in Qualified Opportunity Zone Property.

Includes newly issued stock, partnership interests, or business property.

Limited to equity investments in businesses, real estate, and business assets located in a Qualified Opportunity Zone.

Subject to a substantial rehabilitation requirement.

HISTORY OF OPPORTUNITY ZONES

The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act of December 2017 as an innovative approach to spurring long-term private sector investments in low-income urban and rural communities nationwide. The program is based on the bipartisan Investing in Opportunity Act which created a new section of the Tax Code (26 U.S. Code 1400Z-2).

The program establishes a mechanism that enables investors with capital gains tax liabilities across the country to receive favorable tax treatment for investing in Opportunity Funds that are certified by the U.S. Treasury Department. The Opportunity Funds use the capital invested to make equity investments in businesses and real estate in Opportunity Zones designated by each state.

Download the Opportunity Zone Facts Sheet

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