The Tax Cuts and Jobs Act of 2017 provides a new incentive—centered around the deferral, reduction, and elimination of capital gains taxes—to spur private investments in low-income areas designated by states as Opportunity Zones.

This report examines four specific aspects of the challenge before us: • The need for a much greater supply of homes affordable to our nation’s lowest-income seniors. • The importance of transforming homes and communities so that seniors can age with options, a desire shared by the overwhelming ma