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Opportunity Zones or Gentrification Zones
Several recent articles linked here have addressed federal Opportunity Zone regulations. Concerns have been raised about the social justice and gentrification impacts of these zones.
One article states “The existing regulations have made that calculation relatively easy for real estate investors, who are accelerating previously planned projects in the zones and starting new ones that might not have worked without the special tax treatment. That activity has already paid off for incumbent landowners in Opportunity Zones, according to research by the real estate firm Zillow: Average sales prices in the zones jumped 25 percent last fall, compared with the year before.”