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Permanent program
Federal law made the Opportunity Zone program permanent. Specific tax treatment depends on the law, regulations, and an investor's circumstances.
THE NEXT OPPORTUNITY ZONE CYCLE
Preparing for the next Opportunity Zone cycle in 2027.
Urban Catalyst is monitoring the next phase of the federal Opportunity Zone program while continuing its work in the heart of downtown San Jose.
Information current as of August 2026 · No fund is currently being offered
2027 INTEREST LIST
Stay informed.
Receive future Opportunity Zone fund updates and educational insights.
No fund is currently being offered. Submitting this form is only a request for future educational updates and does not indicate investment eligibility or create any obligation.OPPORTUNITY ZONES IN 2027
What changes for Opportunity Zones in 2027?
Under current federal law, a new round of Qualified Opportunity Zone designations is scheduled to take effect on January 1, 2027. For qualifying investments made after December 31, 2026, eligible gains may generally be deferred for up to five years, subject to statutory requirements, implementing guidance, and each investor’s circumstances.
2027New opportunity zone cycle
5 years*Potential deferral under current law
10%*Potential basis adjustment
* Potential federal tax treatment for qualifying investments made after December 31, 2026. Eligibility, timing, amount, and results depend on applicable law, QOF compliance, future guidance, and each investor’s circumstances. No tax benefit is guaranteed.
URBAN CATALYST’S OZ TRACK RECORD
Built here.
Invested here.
We have launched two Opportunity Zone funds focused on ground-up development in downtown San Jose. Across our work, Urban Catalyst has advanced a portfolio of eight downtown projects spanning multifamily housing, hospitality, office, and mixed-use development.
As both fund manager and developer, we bring local knowledge and hands-on execution to every stage of a project.
2Opportunity Zone funds
8Total projects
IntegratedDeveloper and fund manager
Company-reported figures. Past performance is not indicative of future investment results.
OPPORTUNITY ZONES 2.0
A permanent program.
A new set of rules.
The next cycle keeps the original program’s long-term intent while updating how gains are deferred, zones are selected, and investments are reported.
Five-year deferral
Under current federal law, certain eligible gains timely invested in a qualifying QOF may generally be deferred for five years, subject to applicable requirements.
10% basis step-up
Under current federal law, a qualifying investment held for the required period may be eligible for a basis adjustment. Eligibility and results are not guaranteed.
New zones in 2027
The next round of designated census tracts is scheduled to take effect in 2027. Final designations and guidance remain subject to government action.
Potential tax benefits are not guaranteed and depend on qualifying gains, investment timing, holding period, QOF compliance, investor elections, reporting, and other requirements. Tax laws, regulations, guidance, and designated tracts may change. Opportunity Zone investments can be illiquid and may result in partial or total loss. Consult independent tax, legal, and financial professionals.
ELIGIBLE CAPITAL GAINS
Which gains may be eligible?
The tax character of a gain—not merely the asset sold—helps determine eligibility. These examples are general education only; each investor must independently determine whether a gain qualifies.
Sale of stock
Sale of a business
Sale of property
Sale of crypto
DOWNTOWN SAN JOSE
37.3387° N, 121.8853° W
37.3387° N, 121.8853° W
WHY DOWNTOWN SAN JOSE
Silicon Valley’s urban core is still being written.
Downtown San Jose sits at the center of long-term employment growth, housing demand, and major public and private investment.
- Supply-constrained housingMultifamily demand has consistently outpaced new supply.
- Major investment underwayMore than 50 development projects are underway in the downtown core.
- Deep local experienceOur team has spent more than two decades developing in San Jose.
FREQUENTLY ASKED QUESTIONS
2027 Opportunity Zone questions.
What changes for Opportunity Zones in 2027?+
Under current federal law, a new round of Qualified Opportunity Zone designations is scheduled to take effect on January 1, 2027. For qualifying investments made after December 31, 2026, eligible gains may generally be deferred for up to five years, subject to applicable requirements and future guidance.
Is Urban Catalyst currently offering a 2027 Opportunity Zone fund?+
No. Urban Catalyst is not currently offering a new Opportunity Zone fund through this page. The form is for general educational and future fund updates only.
What is a Qualified Opportunity Fund?+
A Qualified Opportunity Fund is an investment vehicle organized to invest in eligible property or businesses within designated Qualified Opportunity Zones. Qualification and tax treatment depend on compliance with federal requirements.
Why is Urban Catalyst not offering an Opportunity Zone fund in 2026?+
Opportunity Zone Fund II closed at the end of 2025. In 2026, our focus is advancing existing projects and taking a disciplined approach to any future fund formation.
When might the next Opportunity Zone fund launch?+
Timing depends on final census tract selection, property acquisition, market conditions, and other considerations. Urban Catalyst is evaluating a potential launch in 2027, but no launch or offering is assured.
How does Urban Catalyst stay active in the Opportunity Zone space?+
We continue developing, entitling, and operating Opportunity Zone projects in downtown San Jose while monitoring policy, regulatory, and market developments.
Why focus on downtown San Jose?+
Downtown San Jose is a supply-constrained, employment-driven market with long-term housing demand and a place where our team has more than two decades of development experience.
FOLLOW THE OPPORTUNITY
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what comes next.
Receive general educational updates about Opportunity Zones and Urban Catalyst. No investment is currently being offered.
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