Honokea Opportunity Zone Fund
The Opportunity Zone Program is an economic development initiative that uses federal tax incentives to direct investment capital to underserved low income areas, that is, targeted communities called opportunity zones. This program was established as part of the Tax Cuts and Jobs Act of 2017.
As part of this program, governors of each state were tasked with nominating opportunity zones for their respective states given specific guidelines.
An OZ Fund can be set up by a project so that investors can benefit from the deferred taxes on capital gains. Honokea launched our own OZ Fund in 2021, one of only 3 OZ Funds in the state of Hawaii. If you have capital gains to reinvest and would be interested in learning about the tax advantages offered by our OZ development,