As Opportunity Zones come into focus, NTCIC has been exploring how Opportunity Zone capital can best be invested in underserved communities and complement successful incentives such as the New Markets Tax Credit (NMTC) and the Historic Tax Credit (HTC), while supporting a mission of historic preservation.
Together with the National Trust for Historic Preservation and the National Main Street Center, we have assembled an array of resources and articles for practitioners and preservationists alike to stay up to date on news, thoughts, and events surrounding this new incentive. Stay tuned as we update this list with new and developing information!
Originally posted on March 12, 2019
To ensure Opportunity Zones achieve maximum community-serving benefit, existing financing tools like the Historic Tax Credit and the New Markets Tax Credit should be incorporated. Learn how the National Trust Community Investment Corporation (NTCIC) is collaborating with investors, real estate developers, and community development leaders to explore how Opportunity Zone capital can best be used in underserved communities. | Read More
Originally posted on February 1, 2019
NTCIC, along with the National Trust for Historic Preservation’s Government Relations department, and Main Street America cohosted Preservation Leadership Forum’s most recent Forum Webinar, which explored both the opportunities and risks that Opportunity Zones, a new federal incentive, present for preservation. To follow up, we have compiled additional questions and answers we couldn’t cover during the event. | Read More
Originally posted on January 17th, 2019
NTCIC, the National Trust for Historic Preservation and Main Street America hosted a live webinar about the “opportunities” and potential issues for preservation presented by the Opportunity Zone incentive. Speakers also included Alexander Flachsbart of Opportunity Alabama; Bonnie McDonald from Landmarks Illinois; and Forrest David Milder from Nixon Peabody. | Read More
Originally posted on January 3, 2019
Since the initial release of the Tax Cuts and Jobs Act of 2017 and the introduction of the Opportunity Zone incentive, NTCIC has been working to better understand how this new incentive can best function in conjunction with other community development financing tools. We have proposed suggestions to the current regulations that we feel strengthen the incentive, facilitate its use with other tax credit incentives, and support historic preservation. | Read More
Originally posted on January 2, 2018
Preservationists across the country are working to get up to speed on opportunity zones, but trying to educate yourself can feel like taking a sip from the proverbial firehose. A Google search would turn up thousands of results, but many of these are aimed at investors who stand to financially benefit from the tax incentive. Here are 15 resources you can use right now to better understand the new incentive and how it can affect your community. | Read More >
Originally posted on December 4, 2018
By now, you’ve probably heard about Opportunity Zones, but you may still not be sure whether to be excited, alarmed, or indifferent regarding their implications for your community. That’s no surprise—depending on whom you ask, Opportunity Zones constitute either the most significant federal community development incentive in a generation or one of the biggest tax giveaways to the rich in American history. | Read More >