Nonprofit Accelerator For America Aims To Bring Cities And Opportunity Zone Investors Together

(BisNow)

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A few days after the Treasury Department unveiled its proposed guidance for the new Opportunity Zone program, the nonprofit Accelerator for America, led by Los Angeles Mayor Eric Garcetti, released an urgent reminder to cities and investors looking to capitalize on the program.

The Opportunity Zone program, which provides incentives for investors and developers to invest in select low-income areas nationwide, is intended to benefit underserved communities, not profiteers, Garcetti said.