Opportunity Zones Connect Private Capital with Economic Development

Opportunity zones were created as part of the Tax Cuts and Jobs Act of 2017 to encourage long-term private investments in low-income urban and rural communities nationwide. The opportunity zone program is intended to stimulate economic growth in distressed areas by providing tax benefits to investors.

For its first project, OZFund has acquired a large property located on South Queen Street, Lancaster, Pennsylvania, an Opportunity Zone. City of Lancaster Planning Commission Approval was granted on October 5, 2022, for our multi-use building development with 52 working-family affordable apartments and a 6,700-square-foot neighborhood convenience and grocery store. Investment opportunities are available for accredited investors.

OZFund

OZFund, Inc. (“OZFund" or the "Fund”) is a community-focused ‘Qualified Opportunity Fund' (QOF) with plans to acquire distressed below-market properties located in the ‘Opportunity Zones’ of Central Pennsylvania and Mid-Atlantic Regions for redevelopment into rental housing for America's working families and commercial space. One project is in progress and three additional properties have been identified for acquisition by the OZFund. The OZFund may make selective investments into businesses located in Opportunity Zones.

According to the Secretary of the US Treasury: “Opportunity Zones are helping to revitalize communities and create jobs for hardworking Americans”. Click here to view the US Treasury FAQ

Tax Benefits that Mature over Time

Investing in a QOF should be of interest to investors who wish to invest their capital gains. A capital gain investment held in the OZFund for at least 10 years will not be liable for any federal tax on profits made from the investment. You do not need to have a capital gain to invest in the OZFund - this opportunity is open to all accredited investors. 

The OZFund provides a path for investors to support local communities that has never been available until now, and seeks to encourage investors to support low-income communities by investing in OZFund.

For its first project, OZFund has acquired a large property located on South Queen Street, Lancaster, Pennsylvania, an Opportunity Zone. The property is being developed into 52 reasonably-priced apartments and 6,700 sf of commercial space.

The purpose of investing in a Qualified Opportunity Fund such as the OZFund, is to transform distressed neighborhoods into thriving economic hubs.

A unique feature of the OZFund is that it may opportunistically make equity investments into some of the businesses that lease space from the Fund. This is a unique return enhancer that has the potential to deliver significantly higher returns for investors than other housing-focused funds.