OZ 2.0 update
Treasury issues final guidance on OZ-eligible census tracts
On Monday, April 6, the U.S. Treasury issued its determination of population census tracts eligible to be designated as opportunity zones (OZs).
Commerce has updated the Washington OZ 2.0-eligible census tract GIS map to reflect the final guidance, with minimal change. This map includes the OZ-eligible tracts that may be nominated by state governors (that is, state CEOs) to be designated as OZs, beginning January 1, 2027.
The federal government is responsible for establishing this eligibility criteria and any associated guidance. From that, each state designates up to 25% of eligible census tracts as opportunity zones.
Our timeline has been adjusted and includes helpful informational webinars, as well as a new nomination application open and close period.
Wednesday, April 22 – 10 a.m. to 11:30 a.m. Webinar with HUD featuring OZ 1.0 community case studies Register for and join the April 22 online conference
Monday, April 27 - 10:45 a.m. to 12:15 p.m. Webinar with HUD featuring OZ 1.0 tribal communities case studies Join the April 27 online conference
Tuesday, April 28 -- Application window opens
Thursday, May 7 – 9 a.m. to 10 a.m. Pre-proposal conference (rural/non-rural communities) Register for and join the 9 a.m. May 7 online conference.
Thursday, May 7 – 11 a.m. to 12 p.m. Pre-proposal conference (tribal specific) Join the 11 a.m. May 7 online conference
Thursday, May 28 -- Application window closes
Draft materials available
Commerce has final drafts of the application and scoring criteria available to help you prepare your community's OZ 2.0 nomination application when the platform to submit your application opens on April 28.
View and download the census tract nomination application (MS Word document)
View and download the census tract designation scoring criteria (PDF)
If you need any assistance with these materials please email us at: .
Learn more from those with similar inquiries
These questions and answers have been compiled since the outset of this multi-month process to support Governor Bob Ferguson in nominating up to 25% of Washington’s eligible low-income census tracts to be opportunity zones.
|