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Opportunity Zone

Specific areas designated by states and certified by the U.S. Treasury Department where new investments, under certain conditions, may be eligible for preferential tax treatment.

Regulatory barriers

Government rules, laws, or processes (like zoning restrictions or building codes) that can increase the cost or difficulty of building housing, especially affordable housing.

Distribution transformer

An electrical device used to change the voltage of electricity, typically from high voltage on power lines to lower voltage suitable for use in homes and businesses.

Ordinary income

Income earned from salaries, wages, tips, commissions, and other non-investment sources, as opposed to capital gains which are profits from selling assets.

HUD annual report

A yearly document released by the Department of Housing and Urban Development that details its activities, findings, and recommendations.