4 ms·
The eligibility criteria: The Opportunity Zone Selection Process As prescribed by law, governors nominated which census tracts should be designated as Opportu
by 11thEarlOfMar 4y ago
The eligibility criteria:
The Opportunity Zone Selection Process
As prescribed by law, governors nominated which census tracts should be designated as
Opportunity Zones by the U.S. Department of the Treasury. To be eligible for designation, a
census tract must:
- Have a poverty rate of at least 20 percent; or
- Have a median income below 80 percent of that in the State or metropolitan area, or for
rural census tracts, 80 percent of that in the entire State; or
- Be contiguous with a census tract meeting one of the above conditions and have a
median income less than 125 percent of the qualifying contiguous census tract. [0]
[0] https://www.rd.usda.gov/sites/default/files/ImpactofOpportunityZones_082020.pdf https://www.rd.usda.gov/sites/default/files/ImpactofOpportun...
- bombcar 4y agoI see the idea behind it, but I feel the end result will just be gentrification - which may not be a bad thing in the long run.
- vineyardmike 4y ago> I feel the end result will just be gentrification It is literally a tax break for gentrifying. "Build in this poor area and you don't pay taxes".