The Opportunity Zone program provides federal tax incentives for investment in communities over the next 10 years. A majority of College Park is in an Opportunity Zone, which means any United States-based corporation or partnership with 70% of their tangible property within College Park’s Opportunity Zone can reap the benefits of capital gains as we redevelop and revitalize our community.

To find opportunities to invest or to list your opportunity, please visit the State of Maryland’s Information Exchange, which is a tool for investors, fund managers, developers, businesses, and local stakeholders to track OZ financial incentives and investment activity.

For more information, please contact Maryland Department of Housing and Community Development 301-429-7000.

How It Works
-Realize gain from any capital triggered event
-Invest in an Opportunity Zone (OZ) Fund within 180 days
-Receive 10% step up basis for 7 year hold of OZ Fund Investment
-Pay deferred capital gains taxes due for Step 1 (85% of original) by -12/31/2026
-Receive permanent exemption of capital gains tax for 10 year hold on OZ Fund Investment

INVESTORS
• Must be equity investments
• Real estate investments must include substantial rehabilitation
• “Sin businesses” are not eligible
• Other requirements include property use in “active conduct of business” and limits on assets held in cash
FUNDS
• All capital must flow through an Opportunity Zone Fund
• Opportunity Zone Funds must be established
• Opportunity Zone Funds are self-certified via an IRS tax form
• 90% of fund assets must be invested in Opportunity Zone
INVESTMENTS
• Must be equity investments
• Real estate investments must include substantial rehabilitation
• “Sin businesses” are not eligible
• Other requirements include property use in “active conduct of business” and limits on assets held in cash


College Park’s designated Opportunity Zone
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