X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Opportunity zones have quickly become one of the most popular investment models, and it isn’t surprising. The model has the potential to completely avoid capital gains tax—but with a trade off. Investment has to target communities in need of economic growth and investment. However, does the model actually work in action, and will it help in bringing more affordable housing supply to the market in Southern California. Experts say yes.

“We certainly believe that this tax legislation will aid in encouraging more affordable development across Southern California,” Richard Lara, president and CEO of RAAM Construction, tells GlobeSt.com. “There are more than 879 opportunity zones across the region, many of which are regions where demand for affordable housing is high.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.