The U.S. Department of Housing and Urban Development (HUD) is seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities.
“We are looking to better understand how HUD can better tailor its policies and help to create more positive economic outcomes for the millions who live in these areas,” said HUD Secretary Ben Carson.
Interested persons may submit through the Federal portal. The deadline is June 17.
NAA and NMHC have commented on the development of the opportunity zones throughout the process. Members are encouraged to submit input as well.
Opportunity Zones are a vehicle for bringing economic growth and job creation to communities that need it most. On average, the median family income in an Opportunity Zone is 37 percent below the state median. More than 8,700 communities (35 million Americans) live in designated as Opportunity Zones.