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Report Tracks Median Home Price Trends in Opportunity Zones

The Pro Builder

By offering tax breaks in these zones, the federal government aims to spur economic development. A recent report by ATTOM, a provider of nationwide property data, examined Q4 2023 median home price data for homes in 3,667 low-income Opportunity Zones around the nation.

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Investing In Opportunity Zones

Business Facilities

As part of the 2017 Tax Cuts and Jobs Act, Qualified Opportunity Zones across the U.S. provide a vehicle to reinvest capital gains for near- and long-term tax benefits.

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The Link Between Land-Use Reforms and Housing Development

The Pro Builder

New land-use regulations and policies to encourage housing construction In 2019, the city of Minneapolis took the bold step of eliminating single-family zoning. Between 2017 and 2022, nearly 21,000 new units were permitted in the city. Read more Zoning Government + Policy Affordability Zoning

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Opportunity Zones: Window Of Opportunity

Business Facilities

The new federal qualified opportunity zone (QOZ) tax credits are expected to unleash up to $6 trillion in capital investment in more than 8,700 economically distressed areas in the U.S. Read: Opportunity Zones: Window Of Opportunity at BusinessFacilities.com.

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Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment

BD+C

The Tax Cuts and Jobs Act of 2017 created the designation “Opportunity Zone,” for which the Internal Revenue Service will allow tax advantages for certain investments in lower-income areas when an Opportunity Fund invests more than 90% of its assets in a zoned property.

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Buffalo’s parking reform having noticeable impact on development

BD+C

In 2017, Buffalo, New York, revamped its zoning code to cease requiring a minimum amount of parking for commercial and residential projects.

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Platinum Contracting Completes Major Underground Infrastructure Project for Summerlin West Expansion

Civil + Structural Engineer

” The project is designed to run all the main underground infrastructure necessary to support the expanding residential zones. Founded in 2017, the firm specializes in grading, excavation and a vast range of underground utility installations, including water, sewer, storm drain, power, phone, cable TV, street lighting and more.

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