Skip to main content
OZ 2.0 | State Resource

Virginia

Input closed

Last checked 2026-06-16

607

Total eligible tracts

287

Rural eligible

152

Max designations (25%)

1

Days to federal window

Nomination process

Community input window closed 2026-04-27. The state is now in internal review.

VEDP and DHCD jointly ran Virginia's OZ 2.0 public engagement process on behalf of Governor Youngkin: county-level feedback was requested by March 2, 2026; webinars were held April 16 and 21; and a stakeholder survey was open through April 27, 2026. The formal input window has closed. Both agencies are now evaluating submissions to inform the Governor's final nominations, due to Treasury starting July 1, 2026. If your jurisdiction has not yet engaged, email oz2026@vedp.org or oz@dhcd.virginia.gov — written input from local governments may still carry weight before the Governor's office finalizes its list. Virginia will nominate 152 of 607 eligible tracts.

Eligible tracts

Loading 607 eligible tracts…

View on EIG map → IRS appendix (XLSX) Source: IRS Rev. Proc. 2026-14 · EIG DCI 2023 · FFIEC CRA 2025 · Urban Institute 2026
County Eligible tracts
Richmond city 35
Norfolk city 29
Fairfax County 26
Prince William County 23
Newport News city 21
Henrico County 20
Portsmouth city 19
Hampton city 17
Virginia Beach city 17
Pittsylvania County 16

Data context

125

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 →

2

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 →

58

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 →

472

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: Richmond, Norfolk, Newport News, Alexandria, Portsmouth and 239 more

ZIP codes: 23223, 23224, 23234, 23803, 23222 and 354 more

See all 244 cities and 359 ZIP codes

All cities:

Richmond, Norfolk, Newport News, Alexandria, Portsmouth, Henrico, Hampton, Manassas, Roanoke, Woodbridge, Petersburg, Virginia Beach, Fredericksburg, Danville, Chesapeake, Suffolk, Martinsville, Charlottesville, Front Royal, Lynchburg, Hopewell, Falls Church, Coeburn, Haysi, Fairfax, Arlington, Vansant, Honaker, Wise, Harrisonburg, Spotsylvania, Grundy, Annandale, Halifax, Cedar Bluff, Bassett, Emporia, Marion, Clintwood, South Boston, Bee, Keysville, Cleveland, Prince George, Bristol, Fieldale, Galax, Saint Paul, Culpeper, Clinchco, Drakes Branch, Quantico, Dhs, Raven, Rowe, Dumfries, Rocky Mount, Pound, Pennington Gap, Pulaski, Dante, Flint Hill, Fort Belvoir, Pilgrims Knob, Mc Clure, Brodnax, Castlewood, Appalachia, Washington, Leesburg, Birchleaf, Lebanon, Lawrenceville, Triangle, Sugar Grove, Buena Vista, Norton, Staunton, Jonesville, Chesterfield, Sperryville, Oakwood, Ivanhoe, Charlotte Court House, Colonial Heights, Columbia, Oak Hall, New Church, Meherrin, Mineral, Phenix, Mitchells, Norwood, Nathalie, New Canton, Palmyra, North Tazewell, Nickelsville, Pamplin, Patrick Springs, Parksley, Onley, Pittsville, Nora, Orange, Accomac, Pounding Mill, Powhatan, Strasburg, Swords Creek, Tazewell, Temperanceville, Troy, Unionville, Vernon Hill, Wallops Island, Waverly, Waynesboro, White Plains, Whitewood, Williamsburg, Willis, Winchester, Wingina, Withams, Woodlawn, Woodville, Stevensburg, Sterling, Stanardsville, Rose Hill, Rapidan, Red House, Remington, Reston, Rice, Richlands, Ridgeway, Ringgold, Meadows Of Dan, Speedwell, Ruckersville, Rural Retreat, Rustburg, Saint Charles, Saltville, Sandston, Schuyler, Shipman, Rosedale, Hurley, Maxie, Chantilly, Breaks, Bremo Bluff, Broadford, Burgess, Burkeville, Callaway, Cartersville, Castleton, Centreville, Chester, Duffield, Chester Gap, Collinsville, Cripple Creek, Cullen, Cumberland, Davenport, Dillwyn, Disputanta, Doran, Bracey, Boston, Boissevain, Bluefield, Altavista, Amherst, Amissville, Andover, Appomattox, Arrington, Assawoman, Atkins, Atlantic, Austinville, Axton, Bandy, Bealeton, Bedford, Ben Hur, Bentonville, Big Rock, Blacksburg, Bloxom, Draper, Dungannon, Max Meadows, Keezletown, Henry, Herndon, Hillsville, Howardsville, Huntly, Alberta, Hurt, Java, Jewell Ridge, Kents Store, Ebony, La Crosse, Lancaster, Laurel Fork, Linden, Long Island, Louisa, Lyndhurst, Madison Heights, Mavisdale, Heathsville, Gretna, Greenbush, Green Bay, Esmont, Faber, Falls Mills, Farmville, Farnham, Ferrum, Fishersville, Floyd, Fork Union, Fort Blackmore, Fort Eustis, Franklin, Freeman, Fries, Gasburg, Gate City, Gladstone, Gladys, Glen Allen, Wytheville

All ZIP codes:

23223, 23224, 23234, 23803, 23222, 23504, 23607, 23666, 22191, 23434, 24112, 23225, 22903, 23505, 20109, 23608, 22311, 23704, 23707, 23231, 22630, 24016, 24012, 23860, 23669, 24256, 22407, 23602, 24540, 24501, 24230, 23605, 22408, 23237, 23220, 20110, 23805, 24260, 23324, 23294, 23219, 24656, 23462, 24541, 24017, 23508, 23510, 23228, 22041, 24293, 23701, 24614, 22304, 22309, 23702, 22003, 23606, 22802, 24609, 24225, 22312, 22904, 24504, 23452, 24283, 24333, 22204, 24226, 23075, 24228, 24354, 22401, 24055, 23502, 23847, 23875, 24201, 24019, 24592, 23227, 23518, 23517, 24089, 23947, 22193, 23513, 22701, 24217, 23661, 24558, 23663, 22801, 24273, 24277, 24279, 23834, 24269, 24266, 23703, 24263, 23453, 23320, 23325, 23551, 23523, 23920, 24216, 23511, 24151, 23923, 23832, 24220, 24224, 23664, 23455, 23454, 23451, 23868, 23937, 24237, 23503, 23601, 24301, 22807, 22030, 22031, 24416, 22044, 22908, 22902, 22060, 22134, 22747, 24375, 22172, 22192, 22740, 22306, 22627, 22405, 22553, 22551, 22026, 24401, 24639, 24631, 24646, 20175, 24634, 24350, 23038, 20111, 20598, 24651, 24148, 24605, 24606, 24620, 24649, 24607, 23966, 24612, 24139, 24013, 24613, 24603, 24133, 24088, 24622, 24641, 24078, 24637, 24054, 24060, 24120, 24627, 24599, 24102, 24628, 24630, 24091, 24067, 24602, 24586, 24597, 24343, 24245, 24374, 24250, 24251, 24370, 24368, 24360, 24352, 24271, 24272, 24239, 24330, 24324, 24322, 24280, 24281, 24282, 24316, 24312, 23959, 24244, 24380, 24202, 24562, 24588, 24215, 24311, 24581, 24577, 24572, 24569, 24565, 24563, 24557, 24381, 24554, 24553, 24218, 24523, 24522, 24521, 24517, 24502, 24382, 23963, 20106, 23958, 22938, 22712, 22713, 22716, 22729, 22733, 22734, 22741, 22749, 22803, 22832, 22901, 22922, 22937, 22939, 22642, 22952, 22960, 22963, 22968, 22969, 22971, 22973, 22974, 22980, 23022, 23027, 23040, 23055, 22657, 22640, 23084, 22209, 20113, 20120, 20122, 20151, 20164, 20170, 20176, 20177, 20178, 20191, 22035, 22042, 22194, 22302, 22623, 22305, 22315, 22350, 22402, 22403, 22406, 22432, 22460, 22473, 22503, 22567, 22601, 22610, 23060, 23093, 23954, 23831, 23488, 23501, 23509, 23515, 23529, 23604, 23609, 23612, 23630, 23665, 23670, 23804, 23821, 23842, 23459, 23845, 23851, 23856, 23857, 23890, 23893, 23901, 23919, 23922, 23934, 23936, 23942, 23950, 23466, 23442, 23117, 23273, 23123, 23139, 23150, 23185, 23229, 23230, 23232, 23235, 23238, 23249, 23255, 23260, 23261, 23284, 23421, 23297, 23298, 23301, 23302, 23303, 23308, 23321, 23323, 23337, 23357, 23415, 23416, 23418, 24657

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

102

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.

How to influence the nomination

The state submission window closed 2026-04-27. Virginia is in internal review. Monitor the lead agency's page for draft recommendations. The Accelerator for America OZ Designation Toolkit remains useful for preparing documentation that may inform the state's internal review.

Who to contact

Virginia Economic Development Partnership (VEDP) / DHCD

https://www.dhcd.virginia.gov/opportunity-zones-oz

oz2026@vedp.org

Certified CDFIs

23 certified CDFIs headquartered in Virginia. CDFI Fund certified list →

USDA Rural Development

USDA RD Virginia State Office →

Rural LISC

Rural LISC →

Native / tribal

No formal tribal consultation process has been published for Virginia's OZ 2.0 nomination. If your jurisdiction contains or is adjacent to tribal land, contact the relevant Tribal Historic Preservation Office (THPO) or tribal government directly before submitting a nomination.

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.