Novogradac: Fannie Mae, Freddie Mac Make Great Sources of Gap Financing for OZ

The opportunity zones (OZ) incentive is a powerful tool used to finance community development.

"I think the program is doing what it is supposed to do," said Carl Anderson, president of Larkspur Capital, which acquires, develops and manages commercial real estate assets on behalf of institutional investors. "It’s a massive program with 8,000 zones. It’s hitting its objectives by drawing private capital to previously overlooked areas. Opportunity zones have drawn us to submarkets that we may have not looked at otherwise. While a project must stand on its own, the tax effected returns can tip the scale of an investment decision."

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