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WEBINAR- Local Government’s Role in Opportunity Zones
February 20, 2019 - 2:00 pm - 3:00 pm
The Florida Housing Coalition is hosting a live webinar on local government’s role in Opportunity Zones (OZ) on February 20, 2019, from 2pm to 3pm. Sponsored by PNC, this webinar serves as a deep dive into key topics for local government staff, particularly those involved with planning and housing and economic development, as they work to attract OZ capital targeted to align with local government priorities. In one hour, Coalition staff will cover:
- Eligible OZ project types, including commercial, housing, public-private infrastructure
- Pairing OZ capital with affordable housing subsidies
- Attracting investors and forming public-private funds
- The regulations that govern and the gaps left behind
- The value in a model OZ ordinance
- … and more
The OZ program, created in the December 2017 Tax Cuts and Jobs Act, offers flexible and generous tax benefits for private investment in designated census tracts across the country. In Florida, 427 low-income tracts are now primed to enjoy the benefits of desperately needed capital for new housing, businesses, and even infrastructure. As OZ program guidelines are finalized in early 2019, every local government must ask: Will this investment be deployed in a manner that furthers our community goals? Is there a downside to this investment? Local governments have a paramount role in determining the answers.
This is a critical moment in time and the stakes are high.
The Florida Housing Coalition will explain how local governments can attract this major investment to help its community in a way that facilitates development that benefits your community.