The Federal Opportunity Zone program, created under the 2017 Tax Cuts and Jobs Act, was designed to encourage private investment in low-income and urban communities. New York State participates actively in this initiative and has designated 514 census tracts as Opportunity Zones.
Investors in these areas may benefit from significant tax advantages while supporting community development.
Opportunity Zones are located across New York, including:
- Manhattan
- Brooklyn
- Queens
- Bronx
- Staten Island
- Capital Region
- Central New York
- Finger Lakes Region
- Long Island
- Mid-Hudson Region
- Mohawk Valley
- North Country
- Southern Tier
- Western New York
At Valeo Realty Group, we can guide you through the process of investing in Opportunity Zones and help you understand how these programs may reduce your tax liability.
📞 Call us at 212-706-8883 for more details.
