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HUD Expands Opportunity Zone Program to Boost Rural Growth

8/29/2025

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Summary

Story summary

HUD Secretary Scott Turner plans to expand the Opportunity Zone program to enhance affordable housing and job creation in distressed areas.
The program is now permanent, targeting $100 billion in investments to generate numerous jobs and housing units.
New Qualified Rural Opportunity Funds (QROFs) provide increased tax benefits for rural investments.
The initiative aims to revitalize neglected small towns and rural regions.

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Story summary

HUD Secretary Scott Turner plans to expand the Opportunity Zone program to enhance affordable housing and job creation in distressed areas.
The program is now permanent, targeting $100 billion in investments to generate numerous jobs and housing units.
New Qualified Rural Opportunity Funds (QROFs) provide increased tax benefits for rural investments.
The initiative aims to revitalize neglected small towns and rural regions.