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The opportunity zone tax incentive and qualified opportunity funds could be a “game changer” for workforce or affordable housing development, according to Scott Choppin of Urban Pacific Group of Cos. Urban Pacific is currently building multi-generational urban townhomes in blue collar communities, and he has seen significant early success. The opportunity zone incentive is part of the recent tax reform package and is intended to encourage investment in distressed markets. Choppin’s townhouses are already located in the designated opportunity zone markets, and will be integral in building larger communities that he can hold for the long-term.

Kelsi Maree Borland

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