Hondo’s Opportunity Zone: A Tax-Advantaged Location for Growth
A significant portion of eastern Hondo falls within a federally designated Opportunity Zone (Census Tract 48325000500). This designation opens the door to major tax advantages for those investing in real estate, business development, or job-creating projects within the zone. The area includes city-controlled property near key commercial corridors, offering flexibility, access, and a pro-business environment.
What Is an Opportunity Zone?
Opportunity Zones were created by the federal government to encourage private investment in designated communities. Investors who place capital gains into Qualified Opportunity Funds (QOFs) that support development within the zone may receive deferred, reduced, or even eliminated capital gains taxes, depending on how long they hold the investment.
Why It Matters in Hondo
- The zone lies within city limits, giving investors a direct line to local leadership
- Close proximity to major routes, commercial activity, and the South Texas Regional Airport
- City support and guidance from the Hondo Economic Development Corporation
- Ideal for commercial, light industrial, and housing development
Resources and Links
- Opportunity Zone Map: View Location
- Interactive GIS Map
- Contact Hondo EDC to Start a learn more.