SAN FRANCISCO February 05, 2018
Opportunity Zones have a home on the Internet.
News, information and guidance on the new community development toolâ€“launched as part of tax reform legislation passed by Congress and signed by President Donald Trumpâ€“are now at http://www.opportunityzoneresourcecenter.com, a site offered by leading certified public accounting and tax consulting firm Novogradac & Company LLP.
Opportunity Zones will provide investment opportunities in low-income areas in which about 30 million Americans reside, beginning this year.
â€œOpportunity Zones have the potential to make a huge impact on community development in America, but this is a new program and itâ€™s sometimes difficult to find details,â€� said Michael J. Novogradac, managing partner in Novogradac & Company LLPâ€™s San Francisco headquarters. â€œOur resource center will gather information and analysis in one easily navigated location, so practitioners can research and keep informed on what they need to know.â€�
Novogradac & Company LLP already has specific resource centers with information on the low- income housing tax credit (LIHTC), historic tax credit (HTC), new markets tax credit (NMTC), renewable energy tax credits, the U.S. Department of Housing and Urban Development (HUD), the Community Reinvestment Act (CRA) and tax reform. Each resource center is linked to Novogradacâ€™s main site, http://www.novoco.com.
The Opportunity Zone Resource Center will be regularly updated in coming months as Opportunity Zones are identified by governors, qualified Opportunity Funds are certified by the Treasury Department, rules and guidance are developed and more. In addition, the Opportunity Zone Resource Center will provide links to legislation, commentary and any other information concerning the new federal program.
About Novogradac & Company
Novogradac began operations in 1989 and has since grown to more than 600 employees and partners with offices in San Francisco, San Rafael, Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; Austin, El Paso and Dallas, Texas; Toms River and Iselin, N.J.; St. Louis; Boston; New York; Chicago; Portland, Ore.; Naples, Fla., Raleigh, N.C.; and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle.
Specialty practice areas include tax, audit and consulting services for tax-credit-assisted affordable housing, community revitalization, rehabilitation of historic properties and renewable energy. Other areas of expertise include business valuation, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.