Establishing the White House Opportunity and Revitalization Council
Creates White House Council to Boost Distressed Community Investment
What it does
Agencies must assess and recommend ways to prioritize investments, reduce regulatory burdens, and coordinate federal support for distressed communities, including qualified opportunity zones.
Real-world impact
- Creates deadlines for Council reports: 90 days, 210 days, and one year.
- May shift federal grants and financing to favor distressed communities and opportunity zones.
- Directs agencies to reduce regulatory and administrative barriers for applicants.
Topics
Summary
The order creates the White House Opportunity and Revitalization Council to encourage public and private investment in urban and economically distressed communities, including qualified opportunity zones.
It directs federal agencies to assess how to prioritize investments, reduce regulatory barriers, and coordinate technical assistance and financing. The Council must deliver a work plan within 90 days, policy recommendations within 210 days, and additional reports within one year.
Questions, answered
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