CSI is busy with state economic development officials, business owners, real estate developers, and other community development stakeholders as the Opportunity Fund landscape continue to take shape. Please join our effort via link above if you are interested in learning more about this exciting new program.

Tax Cuts and Jobs Act of 2017

Opportunity Zones, a program created by the Tax Cuts and Jobs Act of 2017, are an exciting addition to the community development and investment landscape.  The program has potential to positively impact new and expanding existing businesses, breathing life into the communities that need it most across America.  The program incentivizes community development by encouraging investors to unlock an estimated $2.3 trillion dollars of existing capital gains and put those dollars back to work as investments within distressed communities.  The incentive is split into two parts:


A deferral (up to nine years) and potential 10-15% discount on the taxation of existing capital gains if those funds are invested in Opportunity Zones dependent upon how long the Opportunity Zone investment is held.


Tax forgiveness on any future appreciation of the Opportunity Zone investment if the investment is held at least 10 years.

Opportunity Zones were finalized in June 2018. The first of three expected tranches of technical guidance was released by the Treasury Department in October 2018. Opportunity Zone capital has begun to flow into deals across the country, and is expected to increase exponentially as future expected guidance provides greater clarity for Opportunity Zone Fund managers and project developers. CSI has been working with multiple capital sources for Opportunity Zone equity as we identify suitable investments for tax-advantaged capital. Please contact us to learn about the latest developments and for more information.