$15M plan to bring affordable housing to Lancaster’s former Rebman’s site moves forward
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.
The 2017 tax law created more than 8,700 “opportunity zones” around the country, where investors receive tax breaks in exchange for putting money in designated, low-income areas. It’s an approach that, according to its supporters, will spur economic development. But critics say it may not do much for the residents it was designed to help.