National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Opportunity Zone Council Releases One-Year Report to President Trump
The White House Opportunity and Revitalization Council publicly released its one-year report to President Donald Trump. The paper both highlighted achievements of the Opportunity Zones program, while calling for legislation that would better measure the impact of the legislation.
The council’s agencies proposed a total of 233 recommendations, geared toward encouraging public and private investments in urban and economically distressed areas. The recommendations also included assistance to help state, local and tribal governments to “better identify, use and administer federal resources in urban and economically distressed communities, including Opportunity Zones.” Of the recommendations made, the council has undertaken 180 actions.
The report, itself, described the formation of “work streams,” and specific action items related to those streams. Specifically:
The council indicated it would issue an Opportunity Zones “best practices” report in spring, 2020.
The group was formed in December 2018 to streamline and coordinate federal resources dedicated to the program. The group is comprised of 17 federal agencies and federal-state partnerships.
For comments, questions or concerns, please contact Amy Sorter
