NDA's Statement on Federal Housing Administration's Incentives for Low-Income Community Investment
"NDA is pleased to see that FHA and the Department of Housing and Urban Development are focusing on Opportunity Zone incentives and knows the benefit of investing in these communities,"
Opportunity Zones created under the 2017 Tax Cuts and Jobs Act, are intended to stimulate economic development and job creation in distressed low-income communities by incentivizing long-term capital investment.
There are more than 8,700 census tracts designated as Opportunity Zones in all 50 States and in the U.S. territories.
The incentives offered by FHA are available immediately for applicants of market-rate properties that have not yet submitted a pre-application, and for applicants for affordable properties that have not yet applied.
For more information Opportunity Zones program, visit www.hud.gov/
About the National Demolition Association
The National Demolition Association (NDA) is a non-profit trade organization representing approximately 500 U.S. and Canadian companies and many international firms that are involved in the demolition process. Membership includes demolition contractors, general contractors, civil engineering abreast of environmental, regulatory and safety matters, keep regulators informed about issues facing the industry, increase public and industry awareness, and provide members with networking opportunities and information on the latest technical advances in equipment and services.
National Demolition Association