The Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone regulations on July 9, 2019. OFN testified at the hearing to emphasize the need for data collection, transparency, and anti-fraud provisions to ensure the program ha

The IRS and Department of the Treasury recently closed a Request for Information commenting period on reporting, data collection, and transparency requirements for Opportunity Zones.

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.