Carlisle Project
Introducing Our Next Exciting Project in Carlisle, PA
We are thrilled to announce our next transformative project in Carlisle, PA—an innovative development designed to address the urgent need for high-quality, affordable housing for working families. This project will include approximately 100 thoughtfully designed apartments, a daycare center, and medical offices focused on behavioral counseling services, creating a vibrant, multi-use community that serves essential needs.
Carlisle, like many towns across the country, is experiencing a shortage of affordable housing options for working families. According to a recent study by the Urban Land Institute, the demand for affordable rental units in Pennsylvania continues to outpace supply, leaving many families struggling to find safe and stable housing. Local reports also highlight the challenges faced by residents in Carlisle and Cumberland County, where rising rents and limited inventory make it increasingly difficult for working families to thrive.
To ensure this project meets the community’s needs and aligns with Carlisle’s long-term vision, we are actively engaging with Borough Council staff to determine the optimal designs and layouts. By collaborating with local leaders and stakeholders, we aim to create a development that enhances the neighborhood, promotes economic growth, and improves the quality of life for residents.
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Address
128 E Grant Street
Suite 103
Lancaster, PA 17602
© OZFund Inc., 2024
Contacts
717-715-0238
hello@ozfundteam.com
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We filed with the Internal Revenue Service (“IRS”) to become a Qualified Opportunity Fund ("QOF"). There is no guarantee that any investor would be able to realize any particular tax results by investing in us. Internal Revenue Service guidance and Treasury Regulations have been provided, but there is still uncertainty regarding the Opportunity Zone program. Although the US Department of the Treasury has released guidance on the Tax Cuts and Jobs Act of 2017 ("TCJA"), there is no guarantee that the program's rules will not be changed. Each prospective investor should consult their tax advisors before investing in a QOF, including the OZFund.
OVERVIEW - The Tax Cuts and Jobs Act (TCJA) provides that, for investors who have rolled capital gains into an opportunity fund or invest in a QOF and hold that investment in the QOF for ten years or more, that any additional appreciation beyond the amount initially invested realized by such investor from liquidating such asset will not incur other federal capital gains taxes. However, each prospective investor should consult their tax advisors before investing in a QOF, including the OZFund. For IRS information, please go here. For IRS FAQs, please go here.
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