Is anyone considering a Qualified Opportunity Fund for RE Investment?
Part of the 2017 Tax Reform creates investment pockets in certain defined census tracts with low mean incomes. Corporation and individuals are allowed to reinvest capital gains in RE Development Projects in these areas in exchange for deferment of up to 10 years. 

Does anyone own RE in one of these zones? How significant do you believe the increase in investment in these areas will be? How are you taking advantage of this new law?
[{"id": "e1iq9wb", "text": "Great question! I just became familiar with this as well and am very curious.", "replies": [], "depth": 1}, {"id": "e1ivbsc", "text": "Yes, I am looking into multifamily development in these zones.", "replies": [{"id": "e1iy21f", "text": "As am I, in South Queens. Far Rockaway's rezoning matches up perfectly with the timing of this. I'm curious about \"contiguous tracts\" and if the language in the law allows advantages in the neighboring areas as well or if it's truly locked in.", "replies": [{"id": "e1izm9x", "text": "I\u2019m honestly still in planning mode and evaluating the laws and regulations governing the tax benefits.", "replies": [], "depth": 3}, {"id": "e250efa", "text": " I have a lot in Brooklyn in Brighton Beach. It was not selected as part of the Suggested Census Tract but it is a Low Income Community tract. Do you know how I can find out if it is still eligible? ", "replies": [{"id": "e257svq", "text": "I tried calling and emailing Empire State Development with practically the same question but they never got back to me about it. Might want to keep trying them considering they were the ones who drew up the map.", "replies": [{"id": "e8kk891", "text": "Were you able to get any response? I\u2019ve tried but haven\u2019t heard anything.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e1k3tcj", "text": "I have a number of properties under contract for clients within opportunity zones.  As people learn about it they are certainly looking for opportunities (no pun intended) within these zones when doing 1031 exchanges.", "replies": [], "depth": 1}]