With all the attention currently focused on Opportunity Zones by government officials, the private sector, and the press, it can be difficult to determine what the real options are to work with this new tool and how it will impact the work CDFIs already have underway. Now that Treasury has released a second set of regulations, investors are increasing the number of deals and projects they are pursuing in communities across the country. CDFIs need to be prepared to meet these challenges and opportunities as investments and funds continue to take shape.
To help our members cut through the noise, OFN will be bringing updates on the state of play for Opportunity Zones and examples of how CDFIs are figuring out creative ways to work with Opportunity Funds to support positive community development at our upcoming Regional Meetings, Small Business Finance Forum, and our annual OFN Conference in October.
OFN members are having a lively discussion about Opportunity Zones on CDFI Connect and we encourage this ongoing information exchange. If your CDFI has an Opportunity Zone strategy or potential deal to share, please contact OFN’s Public Policy Senior Associate, Mary Scott Hardwick, at firstname.lastname@example.org AND post on CDFI Connect. OFN would love to highlight our members’ Opportunity Zone activities at our events and through all our communication channels!