NCSHA Publishes Opportunity Zone Fund Directory

September 25, 2019

By Kristen Lewis

The Qualified Opportunity Zone Program, as authorized in the Tax Cuts and Jobs Act of 2017, incentivizes investment in designated low-income communities. A new directory of funds has been created to augment the affordable housing impact of the program. The National Council of State Housing Agencies (NCSHA), a nonprofit, nonpartisan organization, works to support the efforts of state Housing Finance Agencies (HFA) who provide affordable housing to those in need.  NCSHA has created the Opportunity Zone Fund Directory to provide an easy-to-use resource on QOZ funding opportunities. Within the guide, readers can find contact information and descriptions for publicly-announced Qualified Opportunity Funds. These funds have been formed in order to attract specific investment in Qualified Opportunity Zones.

As part of their efforts to exchange information among member HFAs, NCSHA has also created a focus group to leverage resources to encourage affordable housing investments in the Qualified Opportunity Zones.

NCSHA will be tracking multi-project funds through the directory. The organization has stated that they will update the resource on a regular basis. Funds may submit their information and be included in the directory by completing a submission form on NCHSA’s website here. Users can download the resource in same location, gaining access to their directory of funds which includes the fund name, size, geographic focus, investment focus, organization information and additional details.

For more information on Qualified Opportunity Zones, please visit our resource page. In addition, real estate investors can download our guide on Qualified Opportunity Fund investing for real estate investors

About Kristen Lewis

Kristen Lewis is the Director of Marketing for EisnerAmper LLP in Philadelphia Pennsylvania. She has written articles for CPA Practice Management Forum and the Pennsylvania Institute of Certified Public Accountants.

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