The City of San Antonio’s Center City Development & Operations Department (CCDO) is seeking feedback from the development community on their preferred areas for Opportunity Zones in San Antonio.
Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones designated by the chief executives of every U.S. state and territory. Governor Greg Abbott has the authority to designate up to 25% of the eligible census tracts in the State of Texas to be included in the program. As such, Mayor Ron Nirenberg is considering a variety of factors to recommend a few census tracts for designation in San Antonio. One of these factors is where private investment is projected to occur in coming years. Your feedback is crucial to the recommendation Mayor Nirenberg will make to Governor Abbott.
More information about the program and a census tract map showing eligible areas can be found at http://eig.org/opportunityzones
Thank you for your response. We will not share contact information with anyone and will use it for follow-up purposes only. If you have any questions, please contact Veronica Garcia, CCDO Interim Assistant Director, at firstname.lastname@example.org or (210) 207-8477.
Submissions will be accepted until 11:59 p.m., Thursday, March 1, 2018.