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$29 Billion in Anticipated Opportunity Zone Investment Identified by NCSHA

Published on June 6, 2019 by James Tassos
$29 Billion in Anticipated Opportunity Zone Investment Identified by NCSHA

NCSHA released an updated edition of its Opportunity Zone Fund Directory today, with details on 143 Qualified Opportunity Funds established to invest in high-poverty neighborhoods designated as Opportunity Zones. The directory includes 13 new funds and details on each fund’s size and investment and geographic focuses.

The 143 funds identified expect to raise more than $29 billion for Opportunity Zone investment. Funds range in size from $1 million to $3 billion, with an average fund size of $204 million. Approximately one-third of the funds (48 of 143) plan to invest nationwide, while the remaining two-thirds (95 of 143) are targeting specific states or regions.

The vast majority of the funds (130/143) anticipate investment in some form of commercial real estate, including multifamily residential, student housing, mixed-use, hospitality, or other commercial development. Sixty percent (86/143) plan to invest in community revitalization, including affordable or workforce housing, while 52 percent (75/143) plan to invest in economic development or small business development and 21 percent (30/143) in infrastructure or renewable energy projects. Nearly all the funds plan to invest in multiple categories.

NCSHA will continue to update the directory as additional Opportunity Funds are announced. To add a fund to the directory, please complete this form.