OZ MAGAZINE 2022 Top 25 Influencers issue 2.2 - Page 48
48 OPPORTUNITY ZONE MAGAZINE | ISSUE 2 • VOLUME 2
U . S . REPRESENTATIVE ( R-CA )
Congresswoman Michelle Steel is serving her first term representing California ’ s 48th District . Born in South Korea and raised in Japan , Steel immigrated to the United States to build her own American Dream . She is one of the first Korean American women to ever serve in Congress . After seeing how difficult it was for her non-English speaking mother to navigate the tax laws and state regulations , she ran for the State Board of Equalization , where she represented more than nine million residents . Steel later served as Supervisor and Chairwoman of the Orange County Board of Supervisors . She currently serves on the Committee on Transportation and Infrastructure and the Committee on Education and Labor .
WHAT DO YOU THINK SHOULD BE CHANGED WITH THE OZ LEGISLATION TO FURTHER IMPROVE THE INDUSTRY ?
I ’ m proud to have introduced legislation ( H . R . 4608 ) that would provide for the designation of new qualified Opportunity Zones every ten years , and a new Opportunity Zone tax incentive round beginning on January 1 , 2027 . In California there is increasing demand and need for housing development . This is especially true of housing development that makes housing more affordable for low-income Californians . Opportunity Zones play a key role in housingaffordability challenges . It ’ s important that we encourage investment in projects that will benefit our communities and allow people to achieve their own version of the American Dream .
You want better answers ? We start with better questions .
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