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San Rafael staff brief committee on 2026 Opportunity Zone nomination process and tenant-protection links
Summary
City staff outlined the federal Opportunity Zone (OZ) nomination timeline and warned that tightened eligibility rules make the July'September window time-sensitive; members emphasized displacement risks and asked staff to engage local stakeholders before any nomination.
City staff briefed the Economic Development & Housing Subcommittee on Feb. 17 about the 2026 Opportunity Zone (OZ) designation process, the federal timeline, and local protections tied to prior designations.
Alexis, the city staff presenter, summarized the federal program: "Opportunity zones are federal tax incentives to encourage private investment, long term in low income communities," and noted that the program has been made permanent but that eligibility rules have tightened for the next round. Alexis said Treasury is expected to publish the official list of eligible census tracts and that California plans to open a…
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