Proposed OZ regulations offer flexible rules for “Working Capital Safe Harbor” changes caused by COVID and how foreigners can take advantage of the Opportunity Zone tax incentive.
About Jill Homan
Jill Homan is President of Javelin 19 Investments, an Opportunity Zone focused real estate development, investment, and advisory firm, and a Managing Director at Pinnacle Opportunity Zone fund. She has more than 15 years' experience in real estate development totaling almost $500 million in capitalization. Homan is co-developing projects in Opportunity Zones and has successfully raised and closed OZ capital. She has applied her knowledge of emerging communities and expertise in policy and real estate to advise investors and family offices on the OZ incentive. She earned MBA and MPP degrees from Duke University, focusing on finance and authoring a thesis on urban revitalization.Articles
- July 20, 2020
Two significant reports on Opportunity Zones were issued within hours of each other by two important organizations, the White House Opportunity and Revitalization Council and the Urban Institute, on June 17.
- February 03, 2022
Steps investors should think about when it comes to the process of decertification of a Qualified Opportunity Fund.
- August 10, 2021
IRS has amended the Final Regulations by updating decertification of QOFs and the Working Capital Safe Harbor.
- January 23, 2021
The IRS issued Notice 2021-10 on Jan. 19, 2021, providing yet another round of “extension relief” specifically targeted at Qualified Opportunity Funds (QOFs) and investors affected by the ongoing COVID-19 pandemic.
- February 24, 2021
It is estimated that more than one million people have been lifted out of poverty and into self-sufficiency because of the OZs. Let’s hope potential changes by the Biden administration continue the progress.
- November 11, 2019
Despite an updated set of OZ regulations, some misinterpreted information is still circulating among investors, developers and fund managers. Learn what the facts are about land-banking, the self-certifying process, leased property, sin businesses and “the original use” requirement.