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The goal of Cityscape is to bring high-quality original research on housing and community development issues to scholars, government officials, and practitioners. Cityscape is open to all relevant disciplines, including architecture, consumer research, demography, economics, engineering, ethnography, finance, geography, law, planning, political science, public policy, regional science, sociology, statistics, and urban studies.

Cityscape is published three times a year by the Office of Policy Development and Research (PD&R) of the U.S. Department of Housing and Urban Development.

 
  • An Evaluation of the Impact and Potential of Opportunity Zones
  • Volume 24 Number 1
  • Managing Editor: Mark D. Shroder
  • Associate Editor: Michelle P. Matuga
 

An Evaluation of the Impact and Potential of Opportunity Zones

Daniel Marcin
Government National Mortgage Association

The views expressed in this article are those of the authors and do not represent the official positions or policies of the Office of Policy Development and Research, the U.S. Department of Housing and Urban Development, or the U.S. government.

Opportunity Zones (OZs) are the latest federal place-based tax initiative, created by Congress with the Tax Cuts and Jobs Act of 2017.

The essence of OZs is that investors with capital gains can defer taxes on them by reinvesting those gains into business or property in designated low-income census tracts, with the possibility of paying zero federal income tax on any additional capital gains realized from the new investment.


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