Qualified Opportunity Zones Toolkit

Background & Foundational Support

Fundamentals on the QOZ program, legislation, and recently issued regulatory guidance, including the IRS and Treasury's proposed rules for the program and the White House Opportunity Zone Task Force.

• NAR Overview of QOZ Program
• NAR: Opportunity Zones at a Glance
• White House Opportunity and Revitalization Council Opportunity Zones Page
• IRS Resources
  • QOZ FAQs
  • Community Development Financial Institutions (CDFI) Fund Opportunity Zone Resources
  • CDFI Map of Opportunity Zones by Census Tract
• NAR Action:
  • NAR Webinar: Qualified Opportunity Zones and 199A
  • NAR Video: "Planning for Opportunity Zone Investments" (1 hr.)
• Economic Innovation Group: Opportunity Zones
• Accelerator for America: Opportunity Zone Investment Prospectus Guide
• National Council of State Housing Agencies: Opportunity Zone Fund Directory
• Novogradac: Opportunity Funds Listing
• LOCUS National Opportunity Zone Ranking Report

Program Timeline Infographic

• NAR QOZ Investors' Timeline Infographic

Legislative & Regulatory Review

• IRS Guidance: October 2018
  • NAR Summary of proposed rules (October 2018)
• IRS Guidance: April 2019
  • NAR Summary of proposed rules (April 2019)
• White House Executive Order Establishing the White House Opportunity and Revitalization Council
  • White House Press Release
  • NAR Summary of White House Opportunity and Revitalization Council Executive Order

RPR Resources

Realtors Property Resource® (RPR) is a nationwide data resource tool and a wholly-owned subsidiary of NAR. Beginning in August 2019 RPR added Qualified Opportunity Zones to its platform, allowing REALTORS ^® to use RPR's map interface to instantly begin analyzing and searching for properties within the 8,700 Opportunity Zones throughout the U.S.

• RPR Login
• RPR Announcement
• Learn more about the Opportunity Zones feature in RPR

REALTOR® Party Community Outreach Grant: Opportunity Zones

The Opportunity Zone Community Planning Grant is designed to support association and commercial overlay board efforts to work with public officials and other community leaders exploring ways for your community to make the most of Qualified Opportunities in the Advocacy Territorial Jurisdiction. Thirty Grants will be awarded in 2019 for up t$5,000 each. Application deadline extended until September 30, 2019. Awardees must seek reimbursement from NAR by December 15, 2019.

• Learn more about the grant and download the application

NAR Federal Policy Resources

• IRS Holds Opportunity Zone Hearing (February 2019)
• NAR Attends White House Opportunity Zone Conference
  (April 2019)
• NAR Joins HUD Opportunity Zone Meeting (June 2019)

State-Specific Resources

State Economic Development Organizations (EDOs) are involved in the planning and development within QOZs, and work closely with community organizations and developers to ensure that the program is a success and that the developments bring greater economic prosperity to their areas. They are an excellent resource for information about how individual states are managing their QOZs, and if there are any additional, state-level benefits for investing or developing in a QOZ. In addition, many states have created specific websites and online resources to promote their QOZs to potential investors and to help businesses find success within them. Links to the state EDOs and, if available, links to their QOZ websites are below.

Additional NAR Resources

Upon request, NAR staff can also provide:

• Webinars for Associations.
• Recommendations for local speakers/officials for Association QOZ events.