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OZ 2.0 streamlines opportunity zone eligibility and reporting rules
The updated program tightens eligible tracts and requires clearer reporting, including a 30% basis step-up for rural investments versus 10% for standard urban tracts.
HousingWire reports that Bisnow’s First Draft Live series is examining how “OZ 2.0” changes the opportunity zone program’s practical terms for investors and developers in commercial real estate.
The event describes issues under the original program, including delays in tract designations and Treasury guidance, plus spotty reporting that made it harder to assess the program’s real-world impact.
According to Bisnow, OZ 2.0 reduces the number of eligible tracts and introduces clearer reporting requirements, along with incentive changes. The series also highlights a 30% basis step-up for rural investments, compared with 10% for standard urban tracts.