Service Description: The new program is referred to as “Opportunity Zones 2.0” and will take effect January 1, 2027.
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Description: Opportunity Zones are federally designated Census tracts eligible to receive investment through qualified Opportunity Funds. 97% of Opportunity Zones qualified as “Low-Income Communities.”
The Opportunity Zone program was updated and made permanent in 2025 through the One Big Beautiful Bill Act.
The new program is referred to as “Opportunity Zones 2.0” and will take effect January 1, 2027.
Both the program and the nomination process have been revised, but the City of Dallas still has a role in nominating eligible census tracts for consideration by the Governor’s Office.
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