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HUD recently issued a Request for Information (RFI) seeking public input on how it can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. President Trump signed the 2017 Tax Cuts and Jobs Act, creating Opportunity Zones to stimulate long-term investments in low-income communities. The program offers capital gains tax relief to those who invest in these distressed areas. This program is anticipated to spur $100 billion in private capital investment in Opportunity Zones.
