Philanthropic Response to Opportunity Zones Remains Tepid

November 20, 2019

Investors have been undergoing regulatory uncertainty which, at this time, is still in place. “You have final rulemaking from (the) IRS expected before the end of this year,” Lettieri said. “Frankly, until that’s done, I think a good portion of the marketplace is going to sit on their hands, and not really start to move until they have all of their questions answered.” Specifically, he went on to say, investors are being asked to put their capital gain into “higher risk and less well-trodden areas. In many cases, places they’ve never invested before.” And, he added, investors are being asked to do so, without all the rules in place.