When the incentive was introduced in late 2017, OZs were intended to help revitalize the nation’s most underinvested communities. Three years in, we examine the program’s progress to that end with a focus on equitable economic development and housing. In a time when place-based impact investing is vital, we discuss the role of OZs in enhancing and uplifting the strengths of undercapitalized towns, cities, and counties, many of which are communities of color.

– Marland Buckner, MB2 Solutions
– George Ashton, LISC
– Rachel Reilly, Economic Innovation Group (EIG)
– Brett Theodos, Urban Institute


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