OPPORTUNITY ZONES BEING TAPPED BY NONPROFITS FOR HOUSING

(RECAP: Habitat for Humanity is planning on using recent changes in the tax law to redevelop a 120-acre, 341-unit mobile home park in Charlottesville, Virginia, into a city within a city, complete with single-family homes, townhouses and retail. The nonprofit bought the land in 2007 and has already spent $20 million at the park to stabilize the infrastructure. The residents own the homes but not the land and have a voice in the renovation plans. To help finance the project, Habitat is exploring tax credits attached to Opportunity Zones.)