Jason Hartman talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.
Key Takeaways:
[1:14] There are now 8,766 Opportunity Zones across the US
[5:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?
[8:28] The 2 big factors in why zone based programs become unsuccessful
[10:16] What is the Opportunity Zone program?
[13:23] Will Opportunity Zones exacerbate gentrification?
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