On December 3, 2018, Walter Calvert and Michael Schiffer published "Opportunity Zone Fund's and New Markets Tax Credit's Impact on Construction Contractors" in Construction Executive. Here is an excerpt:
In assessing the business risk of a development project, contractors likely consider project location, as it may be indicative of project success and result in additional concerns for projects located in low-income communities. As part of the calculus, contractors should consider whether the project will benefit from the financial incentives provided by two federal tax incentive programs: the Opportunity Zone Fund (OZF) program just getting underway during 2018 and the New Market Tax Credit (NMTC) program that dates back to 2000. Both programs reduce project completion risk, while having a relatively minimal impact on contractors.