$1.0M RACP Grant Awarded for OZFund’s Workforce Housing Project in Lancaster, Pennsylvania
OZFund addresses the growing problem for working families by designing and building safe, affordable, and convenient rental housing.
OZFund addresses the growing problem for working families by designing and building safe, affordable, and convenient rental housing.
Capital gains tax? An Opportunity Zone program offering Capital Gains deferral and 10% Discount Option is ending on December 31st! Check out these tax-saving benefits before they disappear!
Your capital gains taxes can be reduced by 10% if you invest in OZFund, a Qualified Opportunity Fund and hold the investment until 2026, when the capital gain tax must be paid. In other words, to take advantage of this program, you must make your investment in the OZFund before December 31st, 2021
An investment held in the OZFund for at least 10 years will not be liable for any federal tax on profits made from the investment.
The critical housing shortage is hurting America’s working families. Opportunity zones can provide a solution. Learn how OZFund is boosting the supply of rental housing in low-income neighborhoods — and offering investors a unique, tax-advantaged opportunity.
President Biden proposes to “produce, preserve, and retrofit more than a million affordable, resilient, accessible, energy-efficient and electrified housing units” through a variety of tax credits, formula funding, grants and project-based rental assistance. These units will be available to households in underserved areas, rural and tribal communities.
$15M plan to bring affordable housing to Lancaster’s former Rebman’s site moves forward
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Right now, millions of Americans lack access to a safe and stable supply of affordable housing. According to the National Low-Income Housing Coalition, the United States needs a minimum of 7.2 million more affordable housing units.
According to the Washington Post (January 2, 2020), the ‘nation is in the grip of an affordable housing crisis’. This has been an issue for decades, and the financial crisis that is following the Coronavirus hasn’t helped at all.
The following questions and answers (Q&As) were prepared in response to inquiries that have been proposed to the IRS regarding Opportunity Zones.
Investor plans apartments, day care and more at site of local landmark.