Opportunity and Revitalization Council Reports Findings to President Trump

On February 7, the White House Opportunity and Revitalization Council, chaired by HUD Secretary Ben Carson, released its one-year report on Opportunity Zones to President Trump. The report outlines 180 action items completed as of December 2019 by the 17 federal agencies and federal-state partnerships the council comprises. These action items include policy changes and incentives in numerous affordable housing and community development programs, including Federal Housing Administration mortgage insurance, HOME Investment Partnerships, National Housing Trust Fund, Rental Assistance Demonstration and Community Development Block Grants. The report makes 43 legislative and regulatory recommendations relating to Opportunity Zones, including a call for the collection of data to assess the incentive’s value to distressed communities.