When you want to learn all about Opportunity Zone investing, you go to an Opportunity Zones tax expert! So who better than HCVT’s Blake Christian for an update on the status of the newest QOZ legislative bill, the “Opportunity Zones Transparency, Extension, and Improvement Act”? Then, listen as Mr. Christian provides all the details in his latest OZ Fund for his MIT Modular project, a project which definitely illustrates how transformational the Opportunity Zone program can be!
The Opportunity Zones Transparency, Extension, and Improvement Act is legislation that would require mandatory data reporting of Opportunity Zone investments to increase transparency and streamline the reporting process. The bill would also extend the investment and deferral window to the end of 2028, providing a longer time horizon to drive more investment into high-impact projects in low-income communities.
If you’re on-board with the idea of Opportunity Zone marketplace investments, then the next step is researching interesting OZ Funds and projects. Look no more! By listening to this podcast, not only will you get an excellent idea of the new proposals, but you’ll also get all the details on Blake’s QOZ project, MIT Modular. Based in Provo, Utah, MIT Modular provides creative, affordable, and sustainable shipping container conversion solutions to customers throughout the United States.
His business model is built around fulfilling a deep need for affordable housing, and the MIT Modular Opportunity Zone Fund structure offers investors an economic upside potential on both real estate and the fabrication business, combined with significant federal and state tax benefits.
Listen and learn the unique manner in which his fund is structured, why insulation is such an important aspect to the business, why the adaptability of the product is so complimentary to Opportunity Zones in general, and how you too can use the strategies he has already implemented to your advantage – whether you want to start your own Opportunity Zone Fund or invest in an established one.
It’s important that you listen to this podcast to the end, because Blake’s last statement may be a life-saver for you! Then get more information on Opportunity Zone investing at the www.hcvt.com website or visit MITModular.com for specific details on his OZ Fund opportunity.
ABOUT OUR GUEST: Blake Christian
Blake brings over 35 years of experience providing tax consulting and compliance services to clients that include multinational, publicly traded corporations, as well as closely held owner-managed businesses. Throughout his entire career, Blake has specialized in federal, state and local tax incentive programs. Blake is leading the firm’s efforts in providing tax consulting services for Qualified Opportunity Zones. A thought leader, Blake has been recently interviewed by US News and World Reports and other national publications providing insights into this powerful, yet complex, tax incentive program and has authored several articles and HCVT Tax Alerts about Qualified Opportunity Zones (OZ) and Qualified Opportunity Funds. Blake has developed unique insights into OZ strategies for real estate developers and investors, as well as for operating business start-ups and expansions. In addition to tax incentive consulting, Blake provides partnership and individual tax planning and compliance services. His industry experience is broad and includes manufacturing and distribution, service companies, restaurant, shipping and transportation, energy and healthcare.
Blake joined HCVT to open the firm’s Long Beach office over 26 years ago and opened the firm’s Park City, Utah office in 2014. Blake has served, in leadership positions on numerous community boards including the Long Beach Community Foundation as Vice Chair, Cal State Long Beach Ukleja Center for Ethical Leadership Governing Council, and the Long Beach Rotary where he served as president. Blake is also an active member of the Long Beach Area Chamber of Commerce and served as chairperson and is a regular member of the Park City Rotary Club, The Egyptian Theater and the Park City Chamber of Commerce. Blake was named as one of the Top 10 California Accounting Professionals in 2015 and 2014. The Long Beach Chamber of Commerce awarded Blake the 2016 Community Spirit Award for his economic development work and leadership in the California Enterprise Zone program.
Blake is a frequent contributor to leading industry related publications. TaxConnections.com named Blake as one of the Top 50 Tax Bloggers in the US. Blake has been a contributing columnist for the AICPA CPA Insider, a past columnist for the AICPA Corporate Tax Insider Newsletter, and is a regular contributor to the Long Beach Business Journal as well as numerous other publications. He has lectured at a number of universities, including University of Southern California (MBT Program) and California State University Long Beach (Annual Tax Conference), BYU and University of Utah, as well as various business and tax forums throughout the country. Blake has also been a technical resource for many news organizations, including USA Today, Los Angeles Times, Press-Telegram, KTLA News, Park City TV, KNX NewsRadio, and KFI Radio KPCW.
Blake began his career at KPMG LLP and was admitted to its partnership. Blake holds a master’s of taxation from the University of Southern California and a bachelor’s degree in accounting and a minor in finance from California State University, Long Beach. Active in both the Long Beach and Park City communities. Blake supports the fundraising efforts of LB and PC Rotary, the LB and PC Community Foundations, Plant LB, The Egyptian Theater/ Save Our Stage and the National Ability Center.
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