Opportunity Zones were an incredible success at building *rental apartments* ... and now we have the chance to expand that to add units for families that can be be OWNED
The report by @InnovateEconomy@ModeledBehavior@LettieriDC @BenGlasnerlast last year showed that housing production doubled in designated areas. More than 313,000 apartments were built from 2019 to 2024
Nearly all of these units were large apartment buildings, mostly ground up but some gut renovations of existing buildings. Regular readers will be familiar with me "tsk tsking" about studio-heavy or roommate-oriented floorplans ... but in underinvested neighborhoods, this was the exact right place to start.
These areas were not ready for family formation on day one. They needed proof of demand, eyes on the street, and young people willing to take the first risk. It's classic neighborhood trajectory described in @Richard_Florida's early work: young adults move in first, capital follows, and stability comes later.
In that sense, OZ 1.0 did exactly what it was supposed to do: hundreds of thousands of young people moved into neighborhoods that had been disinvested for decades. It stabilized blocks, attracted retail, and re-established market confidence. But it also stopped short of the next, harder step: allowing those people to stay when life changes
That’s where Opportunity Zones 2.0 should focus ... to achieve is true neighborhood revitalization, we need housing that supports Baby Maybe growth: that moment when couples look around and think, "Maybe we could have kids here."
As @lymanstoneky and I showed in our study with @FamStudies, what families REALLY want are units with an extra bedroom.
That doesn’t happen in a studio or a roomate oriented design unit, it happens in housing designed FOR families: rowhomes, small multiplexes, stacked flats, and family-sized rentals.
And in Opportunity Zones, the barrier isn’t demand (we not have 400,000 new people) or construction know-how. It’s the structure of the capital. Under current interpretations, Opportunity Zones is restricted to developers who build and hold assets for a decade. That ~basically works for large apartments. It doesn’t work for family-scale projects, where it's hard to find individual investors who have capital gains, and it completely prohibits starter homes that can be *purchased* by families.
The fix is straightforward and, critically, does not require any new laws to be passed ... we should allow capital to be invested in the Opportunity Zone itself, not locked to a single project. Let builders sell homes to families and reinvest the proceeds into the next OZ project without triggering tax. Keep the capital in motion, keep it local, and let expertise compound. Unleash local developers to build starter homes in these neighborhoods
The effect would be profound. Families who aren’t ready to buy could rent family-sized homes in neighborhoods they already know. Families who are ready could buy and stay. Children would remain. Schools would stabilize. Neighborhoods can mature instead of churning
OZ 1.0 proved we can move capital at scale into new housing. It was a tremendous success. OZ 2.0 is the chance to turn that capital into lasting communities ... not just more "luxury apartments" but more families with a future to STAY where they already live.
🏈Lincoln Riley says that USC isn't to blame for the cancellation of the Notre Dame rivalry.
📺@Brady_Quinn gives @TheJonasKnox and @LaVarArrington every reason why this is just a PR move by the Trojans and how they are the REAL reason why this rivalry got canceled.
So, BYU was penalized for getting blown out in its conference championship game (dropped one spot). Which allowed Miami to move up and get compared directly to Notre Dame.
But Alabama was not penalized for getting blown out in its conference championship game.
maybe I'm wrong on this and missed someone but I believe every single team that lost in a conference championship game, dropped at least one spot EXCEPT Alabama who lost 28-7.
Calm. Cool. Collected. Named everyone else on his crew. Said “anyone else would have done the same,” and then saved close to 200 people. A truly humble professional and hero.
I hope this man gets every good thing he deserves.
"When you look at the 6 years I've been here, what I remember is the people. From when I was a small underclassmen just trying to learn the ways...to have coach Freeman...yeah it's about the people."
— Linebacker Jack Kiser reflects on his career with Notre Dame
WATCH: Marcus Freeman discusses Notre Dame’s trick play late in the game on 4th down that caused Georgia to jump offsides & basically end the game.
Riley Leonard then interrupts to say Freeman is being humble & that Freeman tweaked the design 2 days ago & made it better.
Notre Dame, the team Brian Kelly left behind because he didn’t believe he could win the big game there, just won a bigger game in the state of Louisiana than he has in 3 years at LSU.