Background: Within the December 2017 Tax Reform Act was a late provision that survived the reform due to years of bipartisan effort. Led by Cory Booker (D-NJ) and Tim Scott (R-SC), the Investing in Opportunity Act was passed as a Federal IRS initiative to steer untapped pools of private capital towards underserved communities in the form of equity investments. An … Read More
New Financial Tools for Place-Based Impact Investing and Opportunity Zone Funds
By Stephen Malta and Lauryn Agnew Congress has given us a new tool for Place-Based Impact Investing (PBII), a field that is evolving rapidly. These investment tools fit the needs of the whole spectrum of investors whose risk, return and impact goals merge for community and economic development to revitalize underserved neighborhoods. The combination of these new financial tools provide … Read More