Agency Coordination and Opportunity Zones

24 Pages Posted: 23 Mar 2022 Last revised: 3 Aug 2022

See all articles by Blaine G. Saito

Blaine G. Saito

Ohio State University (OSU) - Michael E. Moritz College of Law

Date Written: September 1, 2021


The Opportunity Zone (OZ) program, which is designed to provide place-based equity investments into certain low-income communities, has potential upsides and pitfalls. The program is complicated, and it implicates numerous spheres of policy expertise. But currently, it is mostly administered by the Internal Revenue Service (IRS) as a tax program.

This Essay seeks to find a technical-managerial solution to some of the problems of the OZ program, and that is agency coordination. It would have the IRS and the Office of Tax Policy (OTP) work with other agencies with expertise in place-based investment programs to administer the OZ program. It outlines the benefits and potential problems of coordination and discusses what tools could help improve this endeavor. It also proposes that the coordinated effort attempt to engage communities that live in OZs further in guiding the program.

Keywords: Taxation

JEL Classification: K34

Suggested Citation

Saito, Blaine G., Agency Coordination and Opportunity Zones (September 1, 2021). Fordham Urban Law Journal, Vol. 48, No. 5, 2021, Northeastern University School of Law Research Paper No. 422 (2021), Available at SSRN:

Blaine G. Saito (Contact Author)

Ohio State University (OSU) - Michael E. Moritz College of Law ( email )

55 West 12th Avenue
Columbus, OH 43210
United States

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