Will Money Pool Move the Housing Needle?
Developers and brokers say a new, albeit small, pool of state funding called the “Momentum Fund” will break through a logjam that’s severely reduced groundbreakings of major multifamily projects.
No Letup in Demand for Everett Sites
Ample choice of redevelopment parcels, upcoming transit extension and a pro-growth administration created a formula for an apartment boom in Everett that shows no sign of abating.
Office Building Sold in Lawrence Opportunity Zone
A downtown Lawrence office property located in a federal Opportunity Zone has been acquired by a local developer for $1.4 million.
Online OZ Marketplace for Impact Investors Launches
An online marketplace for impact investors looking to put money into “smart growth” opportunity zones has launched featuring seven Massachusetts communities, including Boston and Salem.
Tax Benefits for Gateway Cities Projects Abound
Real estate investors should pay special attention to downtown areas of Brockton, Fitchburg, Lowell, Lynn and Worcester, where overlapping HD zones and Opportunity Zones are within walking distance of commuter rail stations.
A Road Map to Revitalizing Downtown Fitchburg
Francisco Torres is working with Fitchburg to restore vitality and bring more foot traffic to its downtown, helping potential retail tenants seek lease subsidies and providing developers with advice on converting vacant buildings into housing.
Fed Funds to Boost Belchertown OZ Industrial Park, Brewery
The federal government is putting $550,000 into infrastructure improvements that will support the development of a new 17-acre industrial park featuring a brewery and more in Belchertown.
Navigating Opportunity Zones – Will Investors Be Enticed?
When the Tax Cuts and Jobs Act was enacted in December 2017, some predicted that an unknown provision creating so-called “Opportunity Zones” could be one of the most popular aspects of tax reform.
City of Champions Looks for a Winning Streak
In addition to excellent highway access, Brockton has three Commuter Rail stations, offering 30-minute trips to Boston’s South Station. Yet despite these amenities, economic success has been elusive. There are signs that this will change.
Opportunity Zones Leverage Existing Incentives
With a strong economy in Massachusetts and creative leadership in mid-size urban centers throughout the state, federally designated Opportunity Zones present an enormous chance to stimulate the development of much-needed multifamily housing
How Opportunity Zones Can Benefit Gateway Cities
Half of the commonwealth’s OZs are located in Gateway Cities, which raised the question: Will OZs be a boon for these post-industrial places?
A Tax Treat for Multifamily Investors
A federal stimulus program designed to encourage investment in economically disadvantaged neighborhoods is likely to deliver tax savings to investors in multifamily developments, particularly in Massachusetts’ working-class cities and suburbs.
Realizing the Potential of Opportunity Zones
It is not news that the Trump Administration was successful in getting the controversial Tax Cuts and Jobs Act of 2017 passed late last year.
Opportunity’s Shiny New Toy
Hidden beneath the $1.5 trillion of tax cuts that was signed into law in December 2017 is a tiny kernel of economic opportunity.
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