Located in the North Beckly Opportunity Zone, Milhaus and Banyan Residential’s multifamily project in Dallas created 279 new units under the previous version of the program. Image courtesy of Milhaus Next week, states will begin selecting census tracts for the reauthorized Opportunity Zone program. “OZ 2.0” promises even more significant outcomes than OZ 1.0, which injected $100 billion of private capital investment into distressed areas through a market-driven, flexible incentive structure.