Housing Secretary Ben Carson visits a Utah opportunity zone - a tool Salt Lake City plans to use to create a 'life sciences corridor' in poor neighborhoods

July 21, 2019

The zones, designated low-income communities based on census data, are part of a program created in the 2017 federal Tax Cuts and Jobs Act that will allow big institutional investors, such as banks, to defer capital gains and earn tax-free interest by putting their money into housing and business development efforts within the areas.