What are opportunity funds?
An opportunity fund is an investment vehicle designed to invest in real estate or business development in areas known as “opportunity zones.” Opportunity zones are particular geographic areas that have been designated as economically distressed.
How does a qualified opportunity fund work?
A Qualified Opportunity Fund is any investment vehicle that is organized as a corporation or a partnership for the purpose of investing in Qualified Opportunity Zone property (other than another Qualified Opportunity Fund) that holds at least 90% of its assets in Qualified Opportunity Zone property.
How do I find an opportunity fund?
Investors can find a list of qualified opportunity funds from the National Council of State Housing Agencies (NCSHA) Opportunity Zone Fund Directory, which allows you to filter the funds by investment focus, fund size, or geographic focus.
What is opportunity zone tax benefits?
Opportunity Zones offer tax benefits to business or individual investors who can elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Opportunity Fund (QOF).