As part of its 2020 election coverage, The Real Deal recently sat down with Urban Catalyst Chief Administrative Officer, Sean Raft, to discuss the Presidential Election’s impact on Opportunity Zone Fund Investors.
As a member of the National Working Group that advises the U.S. Treasury and IRS on any ongoing Opportunity Zone Fund Program clarifications, Sean has insider access into what the federal government thinks about the program.
Sean weighed in on the evolution of the Opportunity Zone program over the last three years and shared insights on investor outlook.
Overall, the program has been an overwhelming success attracting over $12 billion worth of investment to date, all used to create economic and social benefits in lower-income areas.
Outside of additional reporting requirements, Sean doesn’t anticipate any substantial changes to the overall program if Biden wins.
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