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OZ 2.0 | State Resource

Oregon

Designated · 58 tracts

Last checked 2026-06-16

58

Designated tracts (of 229 eligible)

32

Rural designated — QROF treatment

28

Former OZ 1.0 tracts redesignated

57

Days until designations take effect

How Oregon chose

Treasury published the final list on October 30, 2026. Oregon designated 58 of 229 eligible tracts, its full allocation, in 25 of 32 counties with eligible tracts. Designations take effect January 1, 2027 and run through December 31, 2036.

Compared with the eligible tracts it passed over, Oregon favored former OZ 1.0 tracts, tracts with prior NMTC deals and renter-heavy tracts.

Trait Designated Passed over
Former OZ 1.0 tract 48.3% 15.2%
Rural (QROF) 55.2% 43.3%
Urban Institute Tier 1 39.7% 40.4%
Median poverty rate 21.8% 21%
Median family income, % of area 65.3% 64.7%
Residents of color (mean) 35% 33.1%
Median density, people / sq mi 2,206 3,561

Poverty and income: Treasury's own eligibility figures (ACS 2020–2024). Demographics: ACS 2020–2024. Former OZ 1.0 = at least half the tract's land area was in a 2018 QOZ. How every state compares →

85 OZ 1.0 tracts in Oregon were not redesignated. They stay OZ 1.0 zones through December 31, 2028, but under Notice 2026-40 new capital after 2026 generally cannot enter them except under a working capital safe harbor plan adopted by December 31, 2026. If a project in one of these tracts is mid-stream, that deadline is the one that matters. The county table below shows where they are. Transition rules →
Record: how Oregon ran its nomination input process

Nomination process

Community input window closed 2026-05-22. The state is now in internal review.

Business Oregon is accepting nomination applications through May 22, 2026 at 5:00 p.m. PT via a Regional Collaboration Application process that opened April 13. Eligible applicants include cities, counties, ports, tribal governments, and economic development organizations, but only one application is accepted per tract — coordinate with any neighboring jurisdiction that shares a tract boundary before submitting. Applications are evaluated on three criteria (weights not published): Project Viability and Investment Readiness, Local Support and Capacity, and Strategic Alignment with state economic priorities. Business Oregon hosted webinars and weekly office hours during the application window; materials are available on the Business Oregon OZ 2.0 page. Contact incentives.program@biz.oregon.gov or (503) 986-0123; for tribal nominations contact tribal liaison Brian Plinski at Brian.PLINSKI@biz.oregon.gov.

Scoring rubric →

Map: designated and eligible tracts

Loading 229 eligible tracts…

View on EIG map → Treasury designation files (XLSX) Source: Treasury 2027 QOZ designations (Oct. 30, 2026) · IRS Rev. Proc. 2026-14 · EIG DCI 2023 · FFIEC CRA 2025 · Urban Institute 2026

Designated tracts by county

The county is usually the first local partner on an OZ deal — zoning, infrastructure, incentives. CDEs listed are New Markets Tax Credit allocatees that have already financed deals inside this county's designated tracts: the organizations with a working track record of underwriting there.

County Designated / eligible Rural OZ 1.0 kept / lost Residents NMTC CDEs active in designated tracts
Multnomah County 11 / 52 — 7 / 17 47,748 Advantage Capital Community Development Fund, LLC; Corporation for Supportive Housing; DV Community Investment, LLC; Key Community Development New Markets LLC; Lowe Economic Development Company, LLC; National Community Fund I, LLC; National Community Investment Fund; National New Markets Tax Credit Fund, Inc.; National Trust Community Investment Corporation; Portland New Markets Fund I, LLC
Lane County 4 / 22 — 3 / 2 18,327 Brownfield Revitalization, LLC; Enhanced Community Development, LLC
Washington County 4 / 16 — 2 / 8 13,812 Advantage Capital Community Development Fund, LLC; Key Community Development New Markets LLC
Yamhill County 4 / 5 4 3 / 0 19,703 —
Douglas County 3 / 13 3 0 / 4 9,859 —
Marion County 3 / 13 1 1 / 4 18,357 —
Polk County 3 / 4 2 1 / 1 11,360 Accion Opportunity Fund Community Development; National New Markets Tax Credit Fund, Inc.
Benton County 2 / 7 — 1 / 3 7,527 —
Clatsop County 2 / 2 2 1 / 0 7,488 Craft3; Local Initiatives Support Corporation
Columbia County 2 / 3 2 1 / 0 8,698 —
Jackson County 2 / 9 1 1 / 2 5,335 Key Community Development New Markets LLC
Klamath County 2 / 12 2 1 / 2 5,616 —
Lincoln County 2 / 7 2 0 / 1 4,904 Charter Facilities Funding, LLC
Malheur County 2 / 3 2 1 / 1 9,601 Community Development Funding, LLC
Umatilla County 2 / 7 2 0 / 4 5,848 —
Baker County 1 / 2 1 0 / 1 2,687 Albina Equity Fund I, LLC
Clackamas County 1 / 7 1 0 / 8 8,363 —
Coos County 1 / 10 1 0 / 3 2,958 Chase New Markets Corporation
Deschutes County 1 / 7 1 1 / 7 2,785 —
Harney County 1 / 2 1 1 / 1 3,010 —
Jefferson County 1 / 2 1 1 / 1 2,592 —
Linn County 1 / 5 — 0 / 4 6,182 Craft3
Tillamook County 1 / 2 1 0 / 1 3,000 —
Union County 1 / 3 1 1 / 0 4,191 —
Wasco County 1 / 1 1 1 / 1 3,072 Advantage Capital Community Development Fund, LLC
Crook County 0 / 1 — 0 / 2 — —
Curry County 0 / 4 — 0 / 1 — —
Josephine County 0 / 4 — 0 / 1 — —
Lake County 0 / 1 — 0 / 1 — —
Sherman County 0 / 1 — 0 / 1 — —

Counties with no designated tracts are listed only if they lost OZ 1.0 tracts. NMTC: CDFI Fund NMTC public data release. 19 distinct CDEs across Oregon's designated tracts.

Find projects and partners in the designated tracts

Every designated tract in Oregon, tagged by the signals that point to a project type or a partner. Pick tags to narrow the list — a tract must carry every tag selected. Tags are simple published rules, not a score; hover a tag for its definition.

58 of 58 tracts shown

Download all eligible tracts, national (CSV) →
Tract County Pov. MFI Pop. Rent. Vac. Signals Prior NMTC CDEs
41001950300 Corvallis Baker County 15.4% 59.9% 2,687 25% 8.2%
Rural / QROFNMTC track recordCRA-eligible
Albina Equity Fund I, LLC $4.8M · 1 deal
41003000600 Benton County 9.3% 65.2% 4,663 52.1% 0.7%
CRA-eligibleHousing pressureUI Tier 1
—
41003010601 Benton County 40.8% — 2,864 83.7% 9.8%
Former OZ 1.0Housing pressure
—
41005024200 Clackamas County 20.1% 68.9% 8,363 24% 5.6%
Rural / QROFCRA-eligible
—
41007950300 Clatsop County 27.2% 89.8% 3,193 50.4% 11.2%
Rural / QROFFormer OZ 1.0NMTC track record
Craft3; Local Initiatives Support Corporation $2.3M · 3 deals
41007950900 Portland Clatsop County 22.3% — 4,295 59.3% 28.8%
Rural / QROFHousing pressureHigh vacancy
—
41009970300 Columbia County 15.5% 61.5% 4,465 26.9% 8.3%
Rural / QROF
—
41009970700 Columbia County 9.6% 69% 4,233 41% 5.8%
Rural / QROFFormer OZ 1.0CRA-eligibleUI Tier 1
—
41011000503 Coos, Lower Umpqua, and Siuslaw Off-Reservation Trust Land Coos County 20.5% 71.5% 2,958 54% 5.2%
Rural / QROFNMTC track recordTribalHousing pressure
Chase New Markets Corporation $21.6M · 1 deal
41017000902 Deschutes County 15.9% 58.7% 2,785 53.3% 0%
Rural / QROFFormer OZ 1.0Housing pressureUI Tier 1
—
41019020000 Douglas County 8.3% 58% 3,873 30% 6.6%
Rural / QROF
—
41019120001 Douglas County 30.4% 44.8% 2,697 61.3% 1.9%
Rural / QROFHousing pressure
—
41019160001 Cow Creek Reservation Douglas County 21.1% 83.7% 3,289 23.1% 4.9%
Rural / QROFTribal
—
41025960102 Burns Paiute Indian Colony Harney County 16.2% 51.9% 3,010 40.1% 13.1%
Rural / QROFFormer OZ 1.0CRA-eligibleTribal
—
41029000100 Jackson County 26% 66.6% 2,253 77.5% 11.6%
Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureUI Tier 1
Key Community Development New Markets LLC $1.6M · 1 deal
41029001900 Jackson County 25.6% 105.7% 3,082 68.5% 14.9%
Rural / QROFHousing pressure
—
41031940000 Warm Springs Reservation Jefferson County 25.7% 58% 2,592 46.4% 11.4%
Rural / QROFFormer OZ 1.0CRA-eligibleTribal
—
41035970902 Klamath County 23% 49.5% 3,230 24.5% 2.9%
Rural / QROFCRA-eligible
—
41035971800 Klamath County 38.2% 65.2% 2,386 64.3% 14.4%
Rural / QROFFormer OZ 1.0CRA-eligibleHousing pressure
—
41039003302 Lane County 25.8% 86.4% 3,627 56.3% 1.1%
Former OZ 1.0CRA-eligibleHousing pressureUI Tier 1
—
41039003700 Portland Lane County 69.7% 82.5% 6,551 93.4% 3.8%
Former OZ 1.0Housing pressure
—
41039003900 Portland Lane County 42.2% 52% 4,867 98.2% 6.4%
Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureUI Tier 1
Brownfield Revitalization, LLC $7.7M · 1 deal
41039004200 Lane County 34% 48.9% 3,282 74.9% 9%
NMTC track recordCRA-eligibleUI Tier 1
Enhanced Community Development, LLC $0.5M · 1 deal
41041950401 Lincoln County 19.9% 66.7% 2,441 45.5% 20.6%
Rural / QROFHigh vacancyUI Tier 1
—
41041950402 Lincoln County 11.2% 53.2% 2,463 34.6% 40.1%
Rural / QROFNMTC track recordHigh vacancyUI Tier 1
Charter Facilities Funding, LLC $2.0M · 1 deal
41043020802 Linn County 22.2% 65.7% 6,182 74.5% 1.8%
NMTC track recordHousing pressureUI Tier 1
Craft3
41045970400 Portland Malheur County 31.1% 42.7% 4,930 61.7% 8%
Rural / QROFNMTC track recordCRA-eligibleUI Tier 1
Community Development Funding, LLC $0.1M · 1 deal
41045970500 Malheur County 20.9% 68.3% 4,671 34.8% 16.1%
Rural / QROFFormer OZ 1.0High vacancy
—
41047000300 Marion County 19.1% 68.8% 4,919 57.7% 8.7%
Former OZ 1.0CRA-eligibleHousing pressureUI Tier 1
—
41047001803 Gresham Marion County 12.5% 61.4% 5,635 37.7% 0%
—
41047010304 Marion County 23.7% 111.7% 7,803 45.8% 0%
Rural / QROFUI Tier 1
—
41051002101 Multnomah County 21.1% 124.7% 1,899 100% 10.3%
Former OZ 1.0NMTC track record
Key Community Development New Markets LLC; National New Markets Tax Credit Fund, Inc.; Portland New Markets Fund I, LLC $0.2M · 3 deals
41051002303 Multnomah County 30.4% 77.8% 3,947 92.4% 12.7%
Former OZ 1.0NMTC track recordHousing pressure
National Community Investment Fund; Portland New Markets Fund I, LLC $0.4M · 2 deals
41051004104 Multnomah County 27.8% 77.6% 3,581 52.5% 1.6%
CRA-eligibleHousing pressure
—
41051005103 Multnomah County 44.6% — 3,415 90.8% 18.6%
Former OZ 1.0NMTC track recordHousing pressureHigh vacancy
Key Community Development New Markets LLC; Lowe Economic Development Company, LLC; National Community Fund I, LLC; Portland New Markets Fund I, LLC $8.8M · 5 deals
41051005602 Lincoln City Multnomah County 39.7% 75.5% 3,116 100% 6.8%
Former OZ 1.0NMTC track recordCRA-eligibleHousing pressure
Advantage Capital Community Development Fund, LLC; National Community Fund I, LLC $1.8M · 2 deals
41051007300 Portland Multnomah County 24.1% 89.1% 1,606 42% 12.7%
Former OZ 1.0NMTC track record
National Community Fund I, LLC $2.5M · 2 deals
41051008100 Multnomah County 26.1% 51.6% 7,210 61.1% 11.5%
Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureUI Tier 1
Corporation for Supportive Housing; DV Community Investment, LLC; Portland New Markets Fund I, LLC $0.3M · 3 deals
41051009605 Multnomah County 12.2% 64.9% 5,565 57.5% 2.5%
CRA-eligibleHousing pressureUI Tier 1
—
41051010200 Multnomah County 20.1% 82.9% 7,534 30.3% 3.4%
—
41051010408 Multnomah County 12.2% 54.6% 8,229 50% 0%
CRA-eligibleHousing pressureUI Tier 1
—
41051010601 Multnomah County 30.8% 64.4% 1,646 85.6% 6.8%
Former OZ 1.0NMTC track recordHousing pressure
National Trust Community Investment Corporation; Portland New Markets Fund I, LLC $4.9M · 3 deals
41053005100 Polk County 20.3% 71.1% 2,486 56.2% 12.7%
Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureUI Tier 1
Accion Opportunity Fund Community Development $2.0M · 1 deal
41053020203 Polk County 24.2% 77.4% 3,408 43.7% 4.3%
Rural / QROFNMTC track recordCRA-eligibleUI Tier 1
National New Markets Tax Credit Fund, Inc. $0.1M · 1 deal
41053020303 Polk County 20.3% 94.1% 5,466 53.9% 5.5%
Rural / QROFHousing pressure
—
41057960700 Tillamook County 23.1% 85.6% 3,000 19.6% 44.4%
Rural / QROFCRA-eligibleHigh vacancyUI Tier 1
—
41059950601 Umatilla County 26.4% 65.3% 3,228 60.1% 16.9%
Rural / QROFHigh vacancy
—
41059950700 Umatilla Reservation Umatilla County 20.2% 61.9% 2,620 43.5% 9.3%
Rural / QROFTribal
—
41061970800 Portland Union County 22.5% 73% 4,191 33.2% 3.7%
Rural / QROFFormer OZ 1.0UI Tier 1
—
41065970500 Wasco County 21.5% 61.4% 3,072 38.5% 4.6%
Rural / QROFFormer OZ 1.0NMTC track record
Advantage Capital Community Development Fund, LLC
41067030700 Portland Washington County 22.8% 71.4% 1,723 90.6% 13.1%
Former OZ 1.0CRA-eligibleHousing pressure
—
41067031201 Washington County 6.8% 64.1% 3,688 49.4% 3.2%
CRA-eligible
—
41067032003 Washington County 22.4% 64.5% 4,109 86.5% 3.7%
Former OZ 1.0NMTC track recordCRA-eligibleHousing pressure
Advantage Capital Community Development Fund, LLC; Key Community Development New Markets LLC $5.2M · 3 deals
41067032409 Washington County 20% 63.6% 4,292 68.3% 7.1%
CRA-eligibleUI Tier 1
—
41071030202 Yamhill County 10.9% 62.4% 6,971 50.9% 7.9%
Rural / QROFFormer OZ 1.0CRA-eligibleUI Tier 1
—
41071030502 Portland Yamhill County 12% 64.7% 4,556 36.5% 8.2%
Rural / QROFFormer OZ 1.0CRA-eligibleTribal
—
41071030601 Yamhill County 14.3% 69.3% 3,779 21.4% 0.6%
Rural / QROFFormer OZ 1.0CRA-eligibleUI Tier 1
—
41071030802 Yamhill County 18.2% 60% 4,397 50.3% 9.4%
Rural / QROFCRA-eligibleHousing pressure
—

Reading the signals for projects

  • Rural / QROF — a rural QOF investment gets a 30% basis step-up at five years, and existing buildings need only 50% improvement. Rehab of existing stock pencils here in ways it does not elsewhere. Mechanics →
  • Housing pressure — mostly renters, most of them cost-burdened. Housing deals here have demand; they also carry displacement risk, which is where community benefit terms matter.
  • High vacancy — vacant structures to bring back. Pair with the 50% rural improvement threshold where both apply.
  • UI Tier 1 — the Urban Institute's read that private capital is likely to come and the impact would be larger.

Reading the signals for partners

  • NMTC track record — the listed CDEs have underwritten deals in this exact tract. They know the market and can layer NMTC with OZ equity. How they stack →
  • CRA-eligible — bank investment here earns CRA credit. Start with community development officers at banks with branches in the county.
  • Former OZ 1.0 — QOFs and sponsors may already hold assets here. They are the most likely early OZ 2.0 investors and know the local approvals path.
  • Tribal — the tribal government is a principal, not a stakeholder to consult. Persistent poverty — USDA Rural Development programs can fill gaps.

Data context

9

Eligible tracts in EIG DCI top distress quintile

The EIG Distressed Communities Index (2019–2023) is referenced in many state scoring rubrics. Quintile 1 = most distressed. See whether OZ 1.0 reached the most distressed places →

0

Counties with eligible tracts designated USDA persistent poverty

Persistent poverty = 20%+ poverty rate in every census 1980–2010. Source: USDA ERS County Typology Codes (2015 edition). Relevant for USDA RD program eligibility and QROF rural bonus. See QROF rural bonus mechanics →

78

Prior NMTC investments in eligible OZ tracts

CDFI Fund NMTC Public Data Release (2024). Indicates prior CDFI capital deployment track record in these tracts. See how NMTC and OZ stack →

136

Eligible tracts with CRA designation (LMI or distressed/underserved)

Banks earn CRA credit for investing in low- or moderate-income tracts (Track 1), and in non-metropolitan middle-income tracts officially designated distressed or underserved by FFIEC (Track 2). When an OZ project sits in a CRA-eligible tract, bank capital can satisfy CRA obligations while generating OZ tax benefits. How CRA and OZ interact →

Cities: Portland, Salem, Eugene, Gresham, Klamath Falls and 98 more

ZIP codes: 97236, 97233, 97266, 97301, 97030 and 145 more

See all 103 cities and 150 ZIP codes

All cities:

Portland, Salem, Eugene, Gresham, Klamath Falls, Medford, Beaverton, Corvallis, Bend, Springfield, Forest Grove, Mcminnville, La Pine, Myrtle Creek, Cornelius, Hillsboro, Fort Klamath, Huntington, Durkee, Langlois, Myrtle Point, Happy Valley, Roseburg, Coquille, Tualatin, Baker City, Clackamas, Chiloquin, Canyonville, Warm Springs, Paisley, Union, Oxbow, Vernonia, Otis, Westfir, Ontario, Troutdale, Oakridge, O Brien, Newberg, Willamina, Winston, Plush, Tiller, Port Orford, Riley, Sixes, Silver Lake, Sheridan, Scappoose, Saint Helens, Summer Lake, Sweet Home, Sprague River, Riddle, Tillamook, Richland, Rainier, Prineville, Powers, Adel, Kerby, Madras, Lowell, Dairy, Crescent, Crater Lake, Coos Bay, Clatskanie, Christmas Valley, Chemult, Cave Junction, Burns, Broadbent, Bridgeport, Bonanza, Beatty, Bay City, Bandon, Azalea, Albany, Dallas, Days Creek, Dayton, Halfway, Lincoln City, Lakeview, Lake Oswego, La Grande, Agness, Hines, Hereford, Grants Pass, Dillard, Grand Ronde, Glendale, Gilchrist, Foster, Fort Rock, Fairview, Estacada, Woodburn

All ZIP codes:

97236, 97233, 97266, 97301, 97030, 97601, 97230, 97402, 97603, 97401, 97220, 97501, 97216, 97005, 97116, 97477, 97457, 97224, 97080, 97128, 97739, 97305, 97701, 97304, 97405, 97310, 97626, 97330, 97223, 97624, 97403, 97504, 97417, 97423, 97450, 97458, 97333, 97702, 97222, 97905, 97814, 97078, 97086, 97113, 97124, 97015, 97062, 97007, 97907, 97203, 97206, 97476, 97531, 97471, 97819, 97834, 97534, 97837, 97523, 97527, 97484, 97840, 97850, 97602, 97883, 97496, 97492, 97870, 97621, 97761, 97604, 97733, 97720, 97735, 97707, 97469, 97737, 97641, 97738, 97640, 97639, 97741, 97638, 97637, 97636, 97630, 97754, 97625, 97758, 97623, 97731, 97620, 97470, 97003, 97466, 97465, 97292, 97290, 97281, 97267, 97232, 97218, 97214, 97201, 97141, 97132, 97123, 97114, 97107, 97071, 97064, 97060, 97056, 97051, 97048, 97035, 97024, 97023, 97016, 97008, 97006, 97302, 97303, 97306, 97404, 97463, 97452, 97442, 97440, 97432, 97429, 97420, 97414, 97411, 97410, 97406, 97396, 97309, 97386, 97378, 97368, 97367, 97347, 97345, 97338, 97331, 97321, 97317, 97314, 97914

Look up a specific tract (FFIEC) → Source: FFIEC Census Flat File 2026, joined to IRS Rev. Proc. 2026-14 eligible tracts.

92

Eligible tracts in top investability quintile (Urban Institute model)

The Urban Institute investability model scores OZ-eligible tracts by predicted likelihood of attracting private capital, based on OZ 1.0 investment patterns. Quintile 1 = highest predicted investability among scored tracts. Not all tracts are scored — coverage reflects tracts with sufficient OZ 1.0 data.

Who to contact

Certified CDFIs

21 certified CDFIs headquartered in Oregon. CDFI Fund certified list →

USDA Rural Development

USDA RD Oregon State Office →

Rural LISC

Rural LISC →

Native / tribal

Oregon has nine federally recognized tribes. Business Oregon has designated a dedicated tribal liaison, Brian Plinski (Brian.PLINSKI@biz.oregon.gov), who manages tribal government applications separately from the general RFA track; tribal governments may submit directly through the same application portal or coordinate with Brian Plinski. Key tribal-county overlaps in the eligible tract universe include: Confederated Tribes of Warm Springs (Jefferson and Wasco counties); Confederated Tribes of the Umatilla Indian Reservation (Umatilla County); Burns Paiute Tribe (Harney County); Klamath Tribes (Klamath County, 12 eligible tracts); Coos, Lower Umpqua and Siuslaw Indians (Coos County, 10 eligible tracts); Confederated Tribes of Grand Ronde and Siletz Indians (western valleys including Douglas and Lane counties). Tribal governments submit applications through the same portal but are encouraged to contact Brian Plinski first to coordinate.

Business Oregon OZ 2.0 RFA page (references.md §13)

Designations: Treasury, 2027 QOZ designations and revised eligible-tract file (October 30, 2026). Demographics: ACS 2020–2024 5-year. OZ 1.0: IRS Notice 2018-48, crosswalked to 2020 tracts. Eligible tract counts: IRS Rev. Proc. 2026-14 (April 6, 2026). Rural designation: Notice 2025-50, Section 4.01. Status tier last verified 2026-06-16. Full methodology.