OZFund, Inc.

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.

 

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.

By investing in the OZFund, Investors can defer or eliminate taxes while at the same time helping our distressed communities flourish.

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 in a QOF for 10 years. The 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.

Grocery Back Entry

Proposed Project Location

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 proposed project, OZFund has acquired a large property located on South Queen Street, Lancaster, Pennsylvania, an Opportunity Zone. The property will be developed into 69 reasonably-priced apartments and 8,336 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.

What People Are Saying

“I applaud the goal of this project, that part of the city is really lacking in pretty much everything, and services especially.”Robert Shenk, City of Lancaster Zoning Hearing Board
Lancaster City Alliance is pleased to support the residential/commercial project planned by the OZFund in Lancaster, Pennsylvania. It will provide attractive new housing and commercial opportunities.Jeremy Young, Community & Economic Development Manager
The plans align with the City of Lancaster’s policy goals to expand housing supply, offer additional affordable housing options in the city and foster neighborhood amenities and services.Chris Delfs, Director of Community Planning and Development
“There is much-warranted discussion concerning affordable housing in Lancaster and the challenges of ensuring a city in which everyone, regardless of income level, can choose to live.”Marshall Snively, President Lancaster City Alliance
“The location is in dire need of development. The neighborhood and City could use MORE affordable housing and the project is going to meet a need. I have 13 years of experience working with low-income housing and I have lived in this community since 1981 and I know for a fact that the city is in great need of more affordable housing. This project will also offer much-needed medical services, food service, daycare, and a general store. All these positive attributes helped me in my decision to invest in the OZFund.”John Suarez, OZFund Investor
It was a fantastic opportunity to support the community and help elevate the southern part of Lancaster City. It also offered the opportunity to invest in a property and with Jeremy and his team alongside so many other purposeful investors as well as taking advantage of the tax incentives of the OZFund. It was a win-win.Nathan Shea, OZFund Investor
I jumped at the opportunity to invest in the OZ Fund. Though ESG investing is hot and popular these days, I’ve been skeptical of it’s authenticity in most cases. But the OZ Fund is an exciting opportunity for real ESG investment, and in our own community. I’m a big believer that private capital will always do a better job than government spending, yet investment is assuredly needed in historically neglected areas to support historically neglected people.Chad Rodenberger, MD, OZFund Investor
Investing in a project like the OZFund was a no-brainer for me. Our community needs workforce housing and services for the tenants occupying the premises. In addition, the project aims to bring businesses and working families back to a location that’s been vacant for ten years. It’s a win-win for all parties involved. Great returns for the investor; more tax revenue for the city property is completed and assessed, and the best of all, more families will be available to live in a safe and beautiful place in the heart of Lancaster.Cinthia Kettering, OZFund Investor

Opportunity Zone Maps

Lancaster, PA

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York, PA

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Hagerstown, MD

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Coatesville, PA

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Investor Contact Information

OZFund, Inc.
800 South Queen Street
Lancaster, Pennsylvania 17603
Office: 717-715-0238
Website: www.ozfundinc.com

Jeremy P. Feakins, Founder and CEO
+1 917 679 2005 | jpf@ozfundteam.com

Eric Warfel, Executive Vice President
+1 717 715 0238 | ew@ozfundteam.com