Opportunity Zones

Opportunity Zones are federally designated census tracts where investments benefit from preferential tax treatment under the Tax Cuts and Jobs Act of 2017. These zones were created to spark economic development and job creation by offering powerful tax incentives to investors.

The City of Tamarac is committed to connecting Qualified Opportunity Fund capital with eligible local projects. Our goal is to promote commercial investment, support inclusive and equitable growth for businesses and residents, and ensure protections against displacement. All while revitalizing key areas of our community.

💰Why Invest in Opportunity Funds?

Investors in Qualified Opportunity Funds enjoy significant tax advantages:

  • ✅ Defer federal capital gains taxes until December 31, 2026

  • ✅ Reduce capital gains taxes by up to 15%

  • ✅ Pay zero taxes on gains earned from the Opportunity Fund investment if held for 10 years

It’s a win-win: stimulate local development while maximizing your financial return.

📍Where are the Opportunity Zones in Tamarac?

Tamarac includes portions of two federally designated census tracts:

  • Census Tract 12011050310

  • Census Tract 12011050207

These tracts are not only Opportunity Zones — they also qualify for the New Market Tax Credit program, offering even more potential for transformative investment.

Map showing the city limits of the City of Tamarac, the location of Opportunity Zones in the City a

🏙️Four Corners Shopping District Redevelopment Area

A portion of Tamarac’s federally designated Opportunity Zone lies within the vibrant Four Corners Shopping District Redevelopment Area. A key retail destination and gateway to the city.

According to the 2014 Commercial Arterial Redevelopment Study, Four Corners showed strong market demand for expanded commercial development. Since then, the area has experienced a surge in residential growth, with hundreds of new housing units built, creating a powerful, untapped opportunity for retail, dining, and mixed-use investment.

This convergence of population growth and strategic location makes Four Corners a prime target for Qualified Opportunity Fund investment, offering both financial incentives and long-term community impact.

Opportunity Zones Resources

Internal Revenue Service (IRS) | Opportunity Zones FAQs
www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions 
Economic Innovation Group | Opportunity Zones
www.eig.org/opportunityzones 
Council of Development Finance Agencies (CDFA) Opportunity Zones
www.cdfa.net/cdfa/cdfaweb.nsf/resourcecenters/OZ.html 
Community Development Financial Institutions Fund (CDFI) Opportunity Zones Resources
www.cdfifund.gov/opportunity-zones 


🗨️Opportunity Zone Investment Prospectus

Access the Opportunity Zone Investment Prospectus. Click on the expand icon to Zoom In. Or Click Here to Download it.


📞Contact

To learn more about investments and redevelopment opportunities in Tamarac, please contact:

economic development office

City of Tamarac