Baytown-West Chambers County Economic Development Foundation | 1300 Rollingbrook Dr., Suite 610 | Baytown, TX 77521 | 281.420.2961 | baytownedf@baytownedf.org

Opportunity Funds

Opportunity Funds

Investments must be made in Qualified Opportunity Funds to receive the investor benefits just detailed.

  • Must be certified by the U.S. Treasury Department.
  • Must be organized as a coproration or partnership for the purpose of investing in Qualified Opportunity Zone Property.
  • Must hold at least 90% of their assets in Qualified Opportunity Zone Property.
  • Qualified Opportunity Zone property includes newly issued stock, partnership interests, or business property in a Qualified Opportunity Zone business.
  • Opportunity Fund investments are limited to equity investments in businesses, real estate, and business assets that are located in a Qualified Opportunity Zone.  Loans are not eligible for the tax incentives.  Opportunity Fund investments in real estate are subject to a substantial rehabilitation requirement.

 

Examples of potential Opportunity Funds:

  • A $100 million national private equity fund that provides growth capital to lower middle market operating businesses located in Opportunity Zones.
  • A $20 million local fund that provides the equity capital for the $100 million redevelopment of a closed shopping mall into a mixed-use development that includes new neighborhood retail and workforce housing.
  • A $50 million disaster area fund that develops and leases new affordable housing for residents displaced by the 2017 hurricanes and forest fires.

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