What’s the latest on opportunity zones and how they stand to impact development?

Created under Republican-backed Tax Cuts and Jobs Act in December 2017, opportunity zones allow for investment banks and other entities that make money off capital gains — typically hedge funds and other large private investors — to move that income into a fund designated for business and development projects in census tracts that have a disproportionate number of low-income residents. In exchange, the investor can bypass federal taxes on the original capital gains after several years.

The Only Constant Thing, Episode 1: A daughter of Penn Plaza

Crystal Jennings’s life was thrust into Pittsburgh’s affordable housing saga in July 2015. Her father, Jerome, was one of more than 200 Penn Plaza residents forced to move from the apartment complex. At the time, her father was in failing health. He died of liver cancer in May 2018, a little more than a year after being displaced. However, Crystal’s ties to the Penn Plaza community would only grow stronger over time. She is a core organizer for Penn Plaza Support and Action and helps take care of former residents as if they’re family.