Read the news, strategies, insights and feature articles we are compiling about one of the biggest developments in CRE in recent years: Opportunity Zones.
Arch REHC's focus is to channel private investment capital into multiple Puerto Rican opportunity zones with a "consistent theme of affordable housing, sustainable and reliable residential energy, and reduced occupancy costs.
"It was not the intent of Congress for this tax incentive to be used to enrich political supporters or personal friends of senior administration officials, as recent reports indicate."
Among the changes to the $30 million in grant funding include making some funding available to potential cannabis dispensaries and related companies that are considering locations in qualified South and West side investment areas.