NCSHA Urges Treasury to Define Opportunity Zone Data Collection Requirements
On May 31, NCSHA submitted official comments in response to the U.S. Department of the Treasury’s request for information on data collection and tracking for Qualified Opportunity Funds. In our comments, we urged Treasury to collect project-level data for each Opportunity Zone investment including the dollar amount of capital invested, geographic location, existing use prior to investment, primary purpose of investment, and number of jobs created.
For real estate investments, NCSHA suggested collection of additional data including the total number of new housing units developed, the tenure type, and the number of units affordable to households earning 60, 80, and 120 percent of area median income. They also urged collection of data on the number of existing affordable housing units preserved, demolished, or converted to market-rate use as a result of the investment.