Obsidian Opportunity Fund manages invested funds in areas federally designated as “opportunity zones”, a new community investment program established by Congress in the Tax Cuts and JobsAct of 2017 to encourage long-term investments in economically distressed communities.
Recognizing that U.S. investors and companies are slow to reinvest billions of dollars held
as unrealized capital gains, in part due to the income taxes payable when capital assets are sold or
traded, in 2017 Congress created a mechanism to reduce this tax burden and encourage capital
gains to be reinvested to benefit underserved communities. The tax advantage is realized by
investors who invest capital gains in an “opportunity fund” that is investing in “opportunity zones.”
Investors receive tax benefits that are similar to the benefits realized in a Section 1031 real estate
exchange for all capital gains invested in this manner. Developers and communities get access to
capital not otherwise available.
Opportunity zone projects are diverse and managing an opportunity fund can be complex.
Each project requires local knowledge and expertise. Obsidian Opportunity Funds can customize
services to each investor. For the largest and most complex projects where investors want to
maintain total fiduciary control, Obsidian Opportunity Funds will create the opportunity fund and
provide record keeping and other administrative services. For those investors simply looking to
invest capital gains and have their investment professionally managed, Obsidian Opportunity Funds will provide the full range of professional services, from fund formation, matching of investment to opportunity, and ongoing management.
Company Details
- Employees
- 1
- Founded
- -
- Address
- 5 Centerpointe Dr, Lake Oswego,oregon 97035,united States
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- obsidianopportunityfund.com
- Keywords
- Lake Oswego.
- HQ
- Lake Oswego, Oregon
Obsidian Opportunity Fund Questions
Obsidian Opportunity Fund's website is obsidianopportunityfund.com
Obsidian Opportunity Fund's LinkedIn profile is https://www.linkedin.com/company/obsidian-opportunity-fund
Obsidian Opportunity Fund has
1 employees.
View email and phone details for 1
employees at Obsidian Opportunity Fund.
Obsidian Opportunity Fund's industry is
Financial Services
Obsidian Opportunity Fund's top competitors are
Harambee Opportunity Fund,
Obsidian Raicilla®,
Mercury Solar Systems,
Obsidian Marketing Group,
Futurism Geek,
Core Development Group,
Renewable Energy Brokerage & Advisory,
Turfmates,
The Megawatt Group,
Obsidian Homes.
Obsidian Opportunity Fund's categories are Financial Services
Obsidian Opportunity Fund's founding year is 2018
