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Novogradac: Outside Forces Slow OZ Investment, but Economy, Extension Could Spur Increase

Opportunity Zone (OZ) investments have slowed due to the approaching 2026 deadline for capital gains tax benefits and a broader decline in capital gains events. As of March 31, 2024, Novogradac reported that 1,890 Qualified Opportunity Funds (QOFs) raised $37.85 billion in equity, with Q1 2024 seeing $229 million raised. Jeff Feinstein, co-founder of Pinnacle Partners, noted that while interest remains high, many private QOFs are struggling to find deals, emphasizing the need for permit-ready projects to mitigate risks. OZ investments have significantly contributed to housing, financing over 175,000 homes across more than 200 American cities.

Get more of Jeff Feinstein's insights in the full article written by Brad Stanhope here: https://www.novoco.com/periodicals/articles/outside-forces-slow-oz-investment-but-economy-extension-could-spur-increase

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