Section 1400Z–1(b)(1)(A) of the Code allowed the Chief Executive Officer (CEO) of each State to nominate a limited number of population census tracts to be designated as Zones for purposes of §§ 1400Z–1 and 1400Z–2. Revenue Procedure 2018–16, 2018–9 I.R.B. 383, provided guidance to State CEOs on the eligibility criteria and procedure for making these nominations. Section 1400Z–1(b)(1)(B) of the Code provides that after the Secretary receives notice of the nominations, the Secretary may certify the nominations and designate the nominated tracts as Zones.

Section 1400Z–2 of the Code allows the temporary deferral of inclusion in gross income for certain realized gains to the extent that corresponding amounts are timely invested in a qualified opportunity fund. Investments in a qualified opportunity fund may also be eligible for additional tax benefits. To learn more about Qualified Opportunity Zones visit: https://www.cdfifund.gov/opportunity-zones, for questions about the spatial attribution of this dataset, please reach out to us at GISHelpdesk@hud.gov. Date of Coverage: 12/2019Data Dictionary: DD Opportunity Zone Eligible Census Tracts

This service provides spatial data for all U.S. Decennial Census tracts designated as Qualified Opportunity Zones (QOZs) for purposes of §§ 1400Z–1 and 1400Z–2 of the Internal Revenue Code (the Code). Revenue Procedure 2018–16, 2018–9 I.R.B. 383, provided guidance to State CEOs on the eligibility criteria and procedure for making these nominations. Section 1400Z–1(b)(1)(B) of the Code provides that after the Secretary receives notice of the nominations, the Secretary may certify the nominations and designate the nominated tracts as Zones. Section 1400Z–2 of the Code allows the temporary deferral of inclusion in gross income for certain realized gains to the extent that corresponding amounts are timely invested in a qualified opportunity fund. Investments in a qualified opportunity fund may also be eligible for additional tax benefits.

Map denotes the locations of HUD Single Family Housing Counseling Agencies located within U.S. Dept. of Treasury Opportunity Zones.

DISCLAIMER:The information regarding the Assistance and Section 8 contracts, and properties is being furnished for the convenience of interested parties. The information has been compiled from multiple data sources within FHA or its contractors. This information does not purport to be complete or all inclusive. No representation or warranty, express or implied, as to any of the information contained in these files is made by HUD, FHA or any of their respective contractors, representatives or agents, or any officer, Director, employee, or any of the above. INSTRUCTIONS:This database was created to provide HUD partners/clients with a way of measuring the potential impact of expiring project-based subsidy contracts in their communities. It represents the most comprehensive picture of project-based subsidies yet developed, but like any "snap-shot", its usefulness has limits, although, Multifamily plans to refresh this data on a monthly basis. Below, we give a summary of what to keep in mind when viewing the information:Download of the Assistance and Section 8 Contracts - This compressed, (self extracting) file is offered in Microsoft Access Version 7.0 for Windows 95. It is important to note that this is a very large file and the speed for completing the download of the file is dependent on the bandwidth of you Internet Service provider (ISP) and the speed of your connection to the internet. The database contains two tables, one on the contract level, the other on the property level. To see property level data you must link these two tables by the property id field.Contract Expiration Data and Units - Please keep in mind that you will often find more than one contract will share the same property information. The field “assisted_units_count” , in the contract level table counts the number of units funded in that unique contract; the term “property_total_unit_count” shows how many units are in the entire property. A project with 100 units and two 50-units Section 8 contracts would have two records in the contract table and one record in the property table.Rent/Fair Market Rents - For each contract, we display the overall average ratio of gross contract rents to FMR taking into account the number of units and FMR for each bedroom size. Please note that this ratio is a guide only. In addition, since FMRs are determined by county and metro area, errors in project address data may lead to incorrect FMR benchmarks. Lastly, project rents change frequently and are therefore more subject to error. In creating this database, HUD staff processed over 24,000 address records and over 70,000 rent records. While considerable effort was made to assure the accuracy of the data used, absolute certainty is impossible.HUD-Held and HUD-Owned Status - The classification of projects as "HUD-Held" or "HUD-Owned" is based solely on status codes in HUD's accounting systems and has not been independently verified. For the most current status of a particular insured mortgage, contact the local HUD Field Office.Opportunity Zone Indicator - If a property is located in an Opportunity Zone, the field “is_opportunity_zone_ind” will show ‘Y’.

This layer is a combination of multiple incentive areas used in the Development Assistance map.The New Markets Tax Credit Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities. Through the NMTC Program, the CDFI Fund allocates tax credit authority to Community Development Entities (CDEs) through a competitive application process. CDEs are financial intermediaries through which private capital flows from an investor to a qualified business located in a low-income community. CDEs use their authority to offer tax credits to investors in exchange for equity in the CDE. Using the capital from these equity investments, CDEs can make loans and investments to businesses operating in low-income communities on better rates and terms and more flexible features than the market. Derived from 2011-2015 Census Tracts per CDFI Fund CIMS mapping tool."The Opportunity Zones program provides tax incentives, including a temporary deferral on capital gains taxes, when investors reinvest those gains in qualified Opportunity Funds. The funds must in turn invest in low-income communities from designated census tracts, called Opportunity Zones." - Florida Department of Economic Opportunity"The U.S. Department of Housing and Urban Development (HUD) encourages the establishment of a Neighborhood Revitalization Strategy Area (NRSA) as a means to create communities of opportunity in distressed neighborhoods. The goal of this program is to reinvest in human and economic capital, and economically empower low-income residents as part of an overall community revitalization strategy. Comprehensive community revitalization strategies seek to create partnerships among federal and local governments, the private sector, community organizations and neighborhood residents." - City of Fort Myers Florida Neighborhood Revitalization Strategy Areas Plan"The Community Contribution Tax Credit Program provides a financial incentive (up to 50 percent tax credit or sales tax refund) to encourage Florida businesses to make donations toward community development and housing projects for low-income persons." - Florida Department of Economic Opportunity In the project area, the City will acquire vacant lots and partner with non-profit and for profit affordable home builders to construct homes for low income residents. The CCTC program enables the City to continue to revitalize the area by having the ability to solicit donations from eligible businesses. The City will use the donations for acquisition and construction of homes for low income residents.Created 4/27/2018.

Promise Zones are high poverty communities where the federal government partners with local leaders to increase economic activity, improve educational opportunities, leverage private investment, reduce violent crime, enhance public health and address other priorities identified by the community. The Promise Zone designation partners the Federal government with local leaders who are addressing multiple community revitalization challenges in a collaborative way. Promise Zone Designees will receive: An opportunity to engage five AmeriCorps VISTA members in the Promise Zone's workA federal liaison assigned to help designees navigate federal programsPreferences for certain competitive federal grant programs and technical assistance from participating federal agenciesPromise Zone tax incentives, if enacted by Congress Altogether, this package of assistance will accelerate local efforts. The Promise Zone designation will last for a term of 10 years. During this term, the specific benefits made available to Promise Zones will vary from year to year, and sometimes more often than annually, due to changes in the agency policies and changes in appropriations and authorizations for relevant programs. [HUD]The Sacramento Promise Zone encompasses 22 square miles of the economically hardest-hit neighborhoods in the city. More than 30% of residents in the Promise Zone have yet to achieve a high school diploma or GED. Nearly a quarter of the residents are foreign-born with limited English proficiency. The Promise Zone also has alarmingly high unemployment and mortality rates.