Opportunity Zones is a program established by The Tax Cuts and Jobs Act of 2017 designed to encourage long-term investment in low-income communities. The program establishes tax incentives to encourage private individuals to invest unrealized capital gains in projects located within high poverty communities. Learn more about the details of the program here.
On March 21, 2018, Governor Abbott designated 628 census tracts in Texas as Opportunity Zones, 24 of which are in Bexar County. On April 18, 2018, the Treasury Department officially certified these tracts as Opportunity Zones.
The City is preparing a list of projects that are eligible for Opportunity Fund investments. The City is also preparing public informational workshops on Opportunity Zones. Information on both of these items will be available on this page as it becomes available. If you would like to stay updated on these events, or if you have further questions on Opportunity Zones, contact the Office of EastPoint through this portal.
A printable map of San Antonio’s designated Opportunity Zones is available below. Further information and resources are available via the CDFI Fund and the IRS.