Learn today, plan for tomorrow.
Sign up for news and offers from Planetizen Courses, the online learning platform for planners.
Report Assesses Equity Outcomes for the Opportunity Zone Program
Critics have raised doubts and concerns about the potential misuse of the federal Opportunity Zone program since it was approved in 2017, but a new report finds some evidence that the program is working toward its promoted intention.
A new report by Brett Theodos, Eric Hangen, Jorge González, and Brady Meixell "offers an early, qualitative assessment of how well OZs have channeled capital into projects aligned with equitable development goals."
In all, the report "An Early Assessment of Opportunity Zones for Equitable Development Projects" offers nine observations on the use of the Opportunity Zone Program since it was passed into law by the GOP-led Congress in 2017. Those nine observations provide specific information about the kinds of actors and the development ecosystems accessing Qualified Opportunity Funds (QOFs), some of the limitations about the use of QOFs so far, and a look forward to challenges that will arise when the program reaches benchmarks established by the law.
The Urban Institute report was funded with a grant from JPMorgan Chase.
Planetizen's archive has more background on the Opportunity Zone program, including news about program funding being offered to wealthy developers in already affluent neighborhoods.
Published on Wednesday, June 17, 2020 in
Topics
- Good Luck Buying a Small, Affordable Car in the United States
- Legal Challenge Brings Down the Plano Tomorrow Comprehensive Plan
- Rescuing Shared Bikes (and E-Scooters) During a Pandemic
- Walkability Plan, Including Parking Reform, Adopted in Houston
- A 10-Minute Walk to a Park for Your Health and Well-Being
- Not Just New York: Reports of an Urban Exodus From Houston
- Cities: Skylines as an Urban Planning Tool
- Lincoln Yards, Chicago's Controversial $6 Billion Mega-Project, Set to Break Ground
- Inclusionary Zoning Adopted in L.A. County
- Can Planners Advance Environmental Justice When Rebuilding Existing Locally Unwanted Land Uses?
- Criticism of San Jose's Plan to Add New Billboards to the City
- The Day after Plano Tomorrow
- Investment in Public Transit Could Reduce the Need for Police Traffic Enforcement
- Manhattan Residents Don't Want Empty Hotels to House the Vulnerable During the Pandemic
- Mobility-as-a-Service Still Searching for a Market Foothold
- Bogotá Commits to the Bicycle
- Transitioning from Tourism to Tech: San Diego's Path to Recovery
- After Decades of Failure, 1,000-Plus Homes Coming to the Balboa Reservoir in San Francisco
- Los Angeles City Planning Hires First Chief Equity Officer
- The Two Conflicting Sides of the Federal Approach to the Pandemic
