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.
FULL STORY: An Early Assessment of Opportunity Zones for Equitable Development Projects
How ‘Anti-DEI’ Efforts Impact Sustainable Transportation Studies
Research into accessibility, transit equity, and traffic safety is losing federal funding at an alarming rate.
Popularity of Opportunity Zone Program Grows During the Pandemic
Investors are looking for safe places to park capital gains as volatility roils the stock market. Opportunity zone programs fit the bill.
Debating Public Incentives for Private Developments
A debate common in growing cities around the country is taking place in Atlanta in answer to the question of how much support private developers need from the public.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Why Should We Subsidize Public Transportation?
Many public transit agencies face financial stress due to rising costs, declining fare revenue, and declining subsidies. Transit advocates must provide a strong business case for increasing public transit funding.
Understanding Road Diets
An explainer from Momentum highlights the advantages of reducing vehicle lanes in favor of more bike, transit, and pedestrian infrastructure.
New California Law Regulates Warehouse Pollution
A new law tightens building and emissions regulations for large distribution warehouses to mitigate air pollution and traffic in surrounding communities.
Phoenix Announces Opening Date for Light Rail Extension
The South Central extension will connect South Phoenix to downtown and other major hubs starting on June 7.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
Smith Gee Studio
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service