Commercial RE News:

The new tax legislation from the 2017 "Tax Cuts and Jobs Act" includes new opportunity zones targeting distressed and low-income communities with tax incentives for investment.

The Opportunity Zone (aka "O-Zone") includes much of Ypsilanti and Wayne Co.

 

More here: https://www.irs.gov/…/opportunity-zones-frequently-asked-qu…

https://www.nar.realtor/…/background-qualified-opportunity-…

Real estate agents may want to highlight these incentives in both residential and commercial real estate inside O-Zones which they take to market.