NCSHA Opportunity Zone Fund Directory Surpasses 100 Funds, Nearly $24 Billion in Investment

National Council of State Housing Agencies’ Opportunity Zone Fund Directory.

NCSHA’s latest Opportunity Zone Fund Directory, released today, includes more than 100 funds launched to invest in designated Opportunity Zones. The 105 funds in the current directory, including 16 new funds, represent more than $24 billion in anticipated investment. Funds range in size from $1 million to $3 billion, with an average fund size of $225 million. Commercial real estate continues to be the primary investment focus, with 91 percent of funds (96 of 105) reporting investment in multifamily residential, student housing, mixed-use, hospitality, or other commercial development. The number of funds planning to invest in community revitalization, affordable housing, or workforce housing has increased to 57 percent (60 of 105), while 48 percent (50 of 105 funds) plan investment in economic development or small business development, and 21 percent (22 of 105 funds) plan to focus on infrastructure or renewable energy investment. Nearly all the 105 funds report investment focus in multiple categories. Thirty-eight of the 105 funds plan to invest nationwide, while the remaining 67 funds are targeting specific states or regions. Read more analysis in our blog.

If you would like to submit a fund for the next directory, please use this form. If you have already submitted a fund but would like to make edits to your submission, please contact Jim Tassos or submit a new form.

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