Opportunity Zones (OZ) led to Qualified Opportunity Funds raising $75 billion in capital by the end of 2019, according to a Council of Economic Advisers (CEA) report released on August 24. CEA’s report said that new capital represents 21 percent of total annual investment in OZs. CEA also estimated OZ designations led to a 1.1 percent increase in home values. In a press release following the CEA report, HUD Secretary Ben Carson praised the OZ program for decreasing poverty levels.