While many neighborhoods around the country would seem to be great candidates for Opportunity Zone investments, some stand out as better contenders than others.
New data from ATTOM Data Solutions, a curator of a property database and a property data provider of Data-as-a-Service (DaaS), and CityBldr, a Seattle-based proptech company, highlighted 11 neighborhoods that offer attractive opportunities for housing developers to take advantage of federal reinvestment tax benefits.
CityBldr identified Anacostia in Washington, DC, the South Shore area of Chicago, City Heights in San Diego, Mid-City in Los Angeles, Parramore in Orlando, the Central District in Seattle, West Colfax in Denver, Spartan Keyes in San Jose, Calif., North End/New Center in Detroit, Buckman/Kerns in Portland, Ore. and Hilltop in Tacoma, Wash.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
