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Extension of Opportunity Zone Tax Benefits and New Rental Protections

This bill extends tax breaks for investing in distressed communities for another decade. It also introduces rent control measures and affordability requirements for new residential projects in these zones.
Key points
Extends the Opportunity Zone program and tax deadlines until the end of 2036.
Caps annual rent increases at 3% for qualified residential rental projects.
Requires a 60-day advance notice to tenants before any rent increase.
Links tax benefits to providing housing for residents earning the area's median income or less.
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Status:
Introduced
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Additional Information
To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.
Print number: HR 7820
Sponsor: Rep. Cherfilus-McCormick, Sheila [D-FL-20]
Process start date: 2026-03-05