An Opportunity Zone is a powerful new tool intended to stimulate investment in distressed communities. Harnessing this tool to support short- and long-term community objectives requires careful and thoughtful planning. Leafwise provides a roadmap to help communities, investors, businesses, developers, CDFI’s, and nonprofits plan for potential investments in Opportunity Zones by understanding local needs, aligning community assets, establishing regulatory tools and financing incentives to support investments and forming partnerships toward equitable and inclusive community development.
More than 8,700 census tracts were designated as Opportunity Zones across all 50 states, the District of Columbia and five U.S. territories. For communities with increasing housing insecurity and growing economic inequality, an Opportunity Zone designation provides a chance to shape strategies and policies that harness this powerful incentive, while serving the needs of current and future residents and communities.