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A Taxing War on Poverty: Opportunity Zones and the Promise of Investment and Economic Development

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A Taxing War on Poverty: Opportunity Zones and the Promise of Investment and Economic Development Fordham Urban Law Journal Spring Symposium presents A Taxing War on Poverty: Opportunity Zones and the Promise of Investment and Economic Development February 26, 2021 10 a.m. - 2:45 p.m. EDT Zoom Webinar CLE COURSE MATERIALS Table of Contents 1. Speaker Biographies (view in document) 2. CLE Materials A Taxing War on Poverty: Opportunity Zones and the Promise of Investment and Economic Development Panel 1 - Attracting Private Investment to Panel 3 - Systemic Racial Injustice: Distressed Neighborhoods Gentrification Accelerated Charlie Metzger, "We're Not in Kansas Anymore": Katz, Bruce; Nowak, Jeremy. Guiding Principles Using State and Local Power to Fulfill the Potential for Opportunity Zones. (view in document) of the Opportunity Zone Program, 47 Fordham Urb. L.J. 1121 (2020). Available at: Fulton, William. Opportunity Zones: Gentrification https://ir.lawnet.fordham.edu/ulj/vol47/iss4/11 on Steroids? (view in document) (view in document) Drucker, Jesse; Lipton, Jesse. The New York Federick, Rejane; Ortiz, Guillermo. Center for Times. How a Trump Tax Break to Help Poor American Progress. Promise and Opportunity Communities Became a Windfall for the Rich. Deferred. (February 20, 2020) (view in document) (August 31, 2020) (view in document) Bernstein, Jared; Hassett, Kevin A. Economic Theodos, Brett; Hangen, Eric; Gonzalez, Jorge; Innovation Group. Unlocking Private Capital to Meixell, Brady. Urban Institute. Community Facilitate Economic Growth in Distressed Areas. Economic Development Hub. Research Report. An (April 2015) (view in document) Early Assessment of Opportunity Zones for Equitable Development Projects. (June 2020) The Council of Economic Advisers. The Impact of (view in document) Opportunity Zones: An Initial Assessment. (August 2020) (view in document) Panel 4 - The Future of OZs: The Biden Administration and Beyond Novogradac, Michael. Supporting Slides. Golding, Alexander; Metzger, Charlie. Opportunity (February 2021) (view in document) Zones haven’t fully reached their potential but don’t write them off yet. (Sept. 16 2020) (view in document) Panel 2 - A Comparative Lens: Analyzing Place- Based Initiatives Looney, Adam. Brookings. Will Opportunity Zones Layser, Michelle D.; Barbieri, Edward W.; help distressed residents or be a tax cut for Greenlee, Andrew J.; Kaye, Tracy A.; Saito, Blaine gentrification? (February 26, 2018) G. Mitigating Housing Instability During a (view in document) Pandemic. Abstract. (May 12 2020)(view in document) Zhang, Libin. Daily Tax Report. Three Years of Opportunity Zones and Outlook for 2021. Hemel, Daniel. A Place for Place in Federal Tax (November 20, 2020) (view in document) Law. (view in document) Paula Franzese, An Inflection Point for Affordable Layser, Michelle D.. Wisconsin Law Review. The Housing: The Promise of Inclusionary Mixed-Use Pro-Gentrification Origins of Place-Based Redevelopment, 52 UIC J. MARSHALL L. REV. Investment Tax Incentives and a Path Toward 581 (2019) (view in document) Community Oriented Reform (view in document) Lowrey, Annie. IDEAS. Fixing America’s Forgotten Places. (July 24, 2018) (view in document) Alexander Golding, Founding CEO of Helped Hope As the founding CEO of Helped Hope and the recipient of the Marvin L Kay Fellowship in Finance at George Washington University, Alexander has made it his mission to educate the world about responsible investing. Alexander was recognized for this work when the Denver Business Journal named him "Who's Who in Impact Investing" in 2018. Sought after nationally, Alexander has held seminars at major universities and the United Nations. In early 2017, he launched the Florida Impact Investing Initiative. Since then, owners or managers of over one hundred billion investor dollars ($100bn) attended his events and learned about impact opportunities. His impact investing network consists of approximately 6,500 members, approximately 300 of whom are investors. He sends due diligence notes on potential investments to a subset of this group. Alexander is currently studying social impact, business administration, and artificial intelligence at George Washington University, where he is the recipient of the Marvin L Kay Fellowship in Finance. He received his Bachelor of Science in Finance from the Leonard N. Stern School of Business at New York University and taught "Topics in Social Entrepreneurship" at Florida Atlantic University in the fall of 2017. Alexander is a mentor at Lynn University's Social Impact Lab. You can find his most recent publication at Fortune, where he wrote about using the Opportunity Zone legislation to provide more capital to communities of color. Professor Anika Singh Lemar, Yale Law School Anika Singh Lemar is a Clinical Professor at Yale Law School. She teaches the Community and Economic Development clinic (CED), which provides transactional legal services to organizations seeking to advance economic opportunity. CED’s clients include affordable housing developers, community development financial institutions, farms and farmer’s markets, fair housing advocates, and neighborhood associations. From 2007 to 2013, she represented for-profit, not-for-profit, and governmental clients engaged in a variety of real estate projects including building affordable housing, remediating and redeveloping brownfields, and revitalizing urban neighborhoods. From 2005 to 2007, she was a Skadden Fellow and Staff Attorney at the Community Development Project of the Urban Justice Center in New York. From 2004 to 2005, she served as a Law Clerk for the Honorable Janet C. Hall of the U.S. District Court for the District of Connecticut. Professor Lemar received her B.A., cum laude, in Ethics, Politics, and Economics from Yale University and received her J.D., cum laude, from New York University School of Law where she was a Root- Tilden-Kern Scholar, a Dean’s Scholar, and a Robert McKay Scholar. While in law school, she received the Paul and Daisy Soros Fellowship for New Americans and helped to found Next City, a highly- regarded urban affairs publication. Professor Blaine G. Saito, Northeastern University School of Law Blaine G. Saito, an expert in the field of taxation, joined the Northeastern faculty as Assistant Professor of Law in 2020. His research focuses on the intersection of tax rules, economics, tax administration and social policy. His current research focuses on tax expenditures and their use in social policy and international tax issues. His work has been published in the Virginia Tax Review, Harvard Journal on Legislation and Georgetown Journal of Law and Public Policy. Saito most recently served as a Climenko Fellow and Lecturer on Law at Harvard Law School. He graduated from Harvard College in 2004 with an AB in chemistry, and went on to earn a JD from Harvard Law School and an MPP from the Harvard Kennedy School. Professor Brandon M. Weiss, American University Washington College of Law Brandon Weiss is an Associate Professor of Law at American University Washington College of Law. His research and teaching focus on property law and theory, as well as the relationship between housing, economic mobility, and government intervention, with a particular emphasis on federal subsidized housing policy. Weiss serves on the Executive Committees of the Property Law Section, the Real Estate Transactions Section, and the Community Economic Development Section of the Association of American Law Schools (AALS). Prior to joining American University, he taught as an Associate Professor of Law at the University of Missouri at Kansas City (UMKC), where he served as a Senior Fellow at the L.P. Cookingham Institute of Urban Affairs. Previously, Weiss taught at UCLA School of Law as a Visiting Assistant Professor and affiliated faculty member at the Ziman Center for Real Estate. He also practiced law in Los Angeles as a Skadden Fellow and Equal Justice Works AmeriCorps Legal Fellow at Public Counsel Law Center, working on the preservation of subsidized housing, and at Bocarsly Emden Cowan Esmail & Arndt, a boutique transactional affordable housing firm. Weiss earned his J.D. from Harvard Law School, where he was awarded the Dean’s Award for Community Leadership. He also holds a Master in Public Policy from the Harvard Kennedy School of Government, where he focused on urban policy and housing finance. Weiss received his Bachelor of Science in Symbolic Systems (Cognitive Science) from Stanford University. Bruce Katz, Co-Founder, New Localism Advisors Bruce Katz is the Co-Founder (with Jeremy Nowak) of New Localism Advisors. The mission of the firm is to help cities design, finance and deliver transformative initiatives that promote inclusive and sustainable growth. Katz regularly advises global, national, state, regional and municipal leaders on public reforms and private innovations that advance the well-being of metropolitan areas and their countries. Katz is the co-author of The New Localism: How Cities Can Thrive in the Age of Populism (Brookings Institution Press, 2018) and The Metropolitan Revolution: How Cities and Metros are Fixing Our Broken Politics and Fragile Economy (Brookings Institution Press, 2013). Both books focus on the rise of cities and city networks as the world’s leading problem solvers. Katz was the inaugural Centennial Scholar at the Brookings Institution from January 2016 to March 2018, where he focused on the challenges and opportunities of global urbanization. Prior to assuming this role, Bruce J. Katz was a vice president at the Brookings Institution and founding Director of the Brookings
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