By Alexander Casey | Zillow
Sale prices ticked up sharply in some of the nation’s lowest-income and highest-poverty communities near the end of last year—but mostly in the neighborhoods now eligible for newly created tax breaks.
Tucked within the Tax Cuts and Jobs Act of 2017 (TCJA) is a somewhat overlooked, but potentially massive, program: Opportunity Zones. Investors have flocked to these designated zones since last summer, when the Treasury Department certified the final batch of 8,700 census tracts selected by state governors.
Arizona’s opportunity zones are attracting investors from across the country, due in part to Arizona leadership’s proactive, thoughtful selection of qualified opportunity zones.