The Treasury Department is monitoring this through the data it receives via Forms 8896 and 8897. I imagine you can FOIA this data once it's available to review it for yourself.
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How can progress on local economic impact be measured and reported by a QOF?
Is there a standardized system?
Answers
None mandated by statute.
There are currently no regulations on reporting economic impact but many believe that may change. Bright Impact offers a solution to track and report the economic and social impacts of QOF investments, and there are other solutions that do so as well.
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