Apartment project is first in Davenport Opportunity Zone

The Downtown Davenport Partnership is so excited by the news out of the Davenport City Council last night, where they voted in support of a new apartment building on Second Street that will feature micro-apartments and retail.  In addition, this is the first Opportunity Zone project in Davenport.

Learn more about the project in this article from WHBF HERE>>.

Established by Congress, Opportunity Zone tax incentives allow investors to defer, reduce and eliminate capital gains that are reinvested in qualified opportunity funds that hold at least 90% of fund assets in business or property located in designated Opportunity Zones. Davenport has two of the region’s ten Opportunity Zones.