(RECAP: Four of Alexandria’s 38 census tracts have been identified as “opportunity zones” under the new federal tax law. As a nationwide incentive to increase private investment in economically distressed communities, capital gains reinvested in real estate and businesses in these zones will receive tax benefits. The city would maintain its commitment to affordable housing in each of these areas while seeking ways to leverage new private capital to ensure affordable housing options remain in these neighborhoods. City staff also plans to attend training to better know how the opportunity zones program will impact housing-related issues and investments.)

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