Knowledge Center Posts: IRS Extends Deadlines for Qualified Opportunity Zone Investors Rebuilding Distressed Communities in Opportunity Zones Brownfield Revitalization Gets a Big Boost from Opportunity Zone Fund Regulation Webinars: Redevelopment Series: Opportunity Zones–What Happens Next?
12
Jun
Jun
On June 4, 2020, the Department of Treasury and IRS issued Notice 2020-39. This Notice modifies the deadlines contained in Notice 2020-23 as described in my May 21st article. The new Notice issued on June 4th provides additional extensions of time to investors of qualified opportunity funds (QOFs) in response to the COVID-19 pandemic. Specifically,[…]
03
Jun
Jun
Liz Ewbank is the Business Operations Manager for Real Estate Recovery Capital, a privately-funded real estate investment firm specializing in repurposing Brownfields and surplus property. She orchestrates all day-to-day operational details, including internal reporting and marketing. Her background is in marketing, sales, process creation, project management, and key account management. In her most recent position[…]
21
May
May
Optimism remains high that the qualified opportunity zone program will assist in rebuilding distressed communities in opportunity zones post-pandemic given the increase of capital gain investment in qualified opportunity funds. Since the Secretary of the United States Department of Health and Human Services declared a public health emergency on January 31, 2020, under section 319[…]
10
May
May
Milton Reed is an economic development and community economic development specialist for Vita Nuova with more than 25 years of experience in business and economics. His worked has focused on structuring public/private partnerships to help redevelopment happen in tough areas of the country. He has worked many years leading mayors, councils and community groups in[…]
09
May
May
The US Environmental Protection Agency recently announced that 151 communities and tribes were selected to receive $65.6 million in EPA Brownfields funding to assess, cleanup, and redevelop underutilized properties. These funds will assist communities in recycling vacant and abandoned contaminated properties for new and productive reuses. Nearly 30% of the communities selected are receiving brownfields[…]