Friedman’s Steven Bokiess was featured in an exclusive interview regarding the potential changes to Qualified Opportunity Zones under the Biden administration.
Bokiess states that the Biden administration likely will implement more program oversight, and it may create tax incentives for investors to work with local nonprofits and other community organizations to ensure funds are creating the promised improvements.
"I think the concern is that a lot of the money is going into areas that are on the cusp of being gentrified, and that the money, especially in terms of housing, is being used more for upscale housing than affordable housing," Bokiess said.
To learn more about the intricacies of Qualified Opportunities Zones to date, head here.
