<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=1401428&amp;fmt=gif">
Skip to content
assessing the election's implications for opportunity zones
Erik HaydenOct 28, 2020 9:28:41 AM2 min read

Key Takeaways: Assessing the Election’s Implications for Opportunity Zones


With just days to go until Election Day, our recent webinar focused on the future of the Opportunity Zone program. If you missed it, watch the recording of the presentation above.

Hosted by Urban Catalyst Partner and Chief Administrative Officer, Sean Raft, the webinar covered how the OZ program could potentially shift under a Biden vs. a Trump presidency. Sean is also a member of the Novogradac OZ Working Group, which advises the Department of Treasury, IRS and several White House officials responsible for the OZ program.

The bottom line? No matter who wins, Opportunity Zones are here to stay. Here are some key takeaways:

  • The Trump administration has hinted it may seek to extend timelines for the existing program under a second term. Without an extension, the OZ initiative expires on Dec. 31, 2026.
  • A Biden administration will likely seek increased and more transparent reporting requirements so the public can track Opportunity Zone investments and their impact on the communities they are designed to benefit.
  • According to The White House Council of Economic Advisers (CEA), the program will lift a million households out of poverty over the next 10 years.

… and much more!

The good news is that the Opportunity Zone program has enjoyed rare bipartisan support.

Here at Urban Catalyst, we’ve prepared ourselves for potential changes, and we are taking proactive steps to keep our investors up-to-date.

DON’T WAIT to get started with Urban Catalyst; our fund closes on December 30. Let’s get you started.

 

The statements, views, and opinions expressed herein are those of the individuals making the statements and do not necessarily reflect the official policy or position of Urban Catalyst Manager LLC or any investment sponsored by Urban Catalyst LLC and are provided for informational purposes only and are not intended to be, nor should be construed or used as financial, legal, tax or investment advice, nor should this information be used or considered as an offer to sell or a solicitation of any offer to buy any interest in Urban Catalyst Opportunity Fund I LLC (the “Fund”), an investment sponsored by Urban Catalyst LLC (the “Sponsor”).

THIS MATERIAL IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY SECURITIES. THE OFFERING AND SALE OF INTERESTS IN URBAN CATALYST OPPORTUNITY FUND I LLC (“URBAN”) IS BEING MADE ONLY BY DELIVERY OF URBAN’S PRIVATE PLACEMENT MEMORANDUM (“PPM”), CERTAIN ORGANIZATIONAL DOCUMENTS, SUBSCRIPTION AGREEMENT AND CERTAIN OTHER INFORMATION TO BE MADE AVAILABLE TO INVESTORS (“OPERATIVE DOCUMENTS”) BY URBAN’S SPONSOR. ONLY ACCREDITED INVESTORS CAN INVEST. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. INVESTMENTS IN SECURITIES ARE SPECULATIVE, INVOLVE A HIGH DEGREE OF RISK, AND ARE NOT SUITABLE FOR ALL INVESTORS. PROSPECTIVE INVESTORS SHOULD CONSULT THEIR OWN TAX AND LEGAL PROFESSIONALS PRIOR TO MAKING INVESTMENT DECISIONS.

avatar

Erik Hayden

Responsible for developing more than $3.5 billion in real estate projects, including over 2,300 residential units in the California Bay Area, Mr. Hayden has experience in acquisition, contract negotiation, due diligence, risk assessment, financing, construction, and disposition of multifamily, single family and large mixed-use and master planned developments. He maintains relationships with a broad network of property owners, enabling him to identify and acquire prime investments. Mr. Hayden also has expertise in navigating projects through the entitlement process by working with elected officials, community groups, and political organizations to gain support and get projects approved.

RELATED ARTICLES