(RECAP: Opportunity zones represent a breakthrough approach to community development. The program relies on an ingenious mechanism for spurring investment: Instead of tax credits or other traditional subsidies, investors are offered a temporary tax deferral for capital gains reinvested in designated opportunity zones. For investments held longer than 10 years, that deferral becomes forgiveness — a huge boon.)
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(RECAP: With a local contractor signed on to take the project vertical, a years-in-the-making redevelopment of a former East End high school site into mixed-income housing marked the start of construction with a groundbreaking ceremony Tuesday.)
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(RECAP: A faith-based community service group is holding Albemarle County and Charlottesville officials accountable for commitments to affordable housing. Members of IMPACT Charlottesville called out the Albemarle County Board of Supervisors on Tuesday, saying they have not followed through on promises during the group’s 13th annual meeting at First Presbyterian Church in the city.)
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