According to a report from the California Housing Partnership and the Southern California Association of Nonprofit Housing, Los Angeles County has a major affordable housing shortfall, with approximately 600,000 new units needed to satisfy the immediate demand from the lower-income rental market. There is a supposed antidote available to help cure the affordable housing problem: opportunity zones. Opportunity zones were introduced by Congress through the Tax Cut and Jobs Act of 2017, and altogether more than 8,700 opportunity zones exist across every state and territory in the United States. Opportunity zones can offer very strong investment returns, while also making a socially strong impact on the local Los Angeles community, especially in areas that have been trailing in development. Ultimately, investment money in opportunity zones will lead to the development of more affordable housing, which the country – and in particular, my home of Los Angeles, where my firm has focused its opportunity zone funds – so desperately needs. In order to take advantage of the tax breaks offered by the opportunity zone program, you need to place your money into an opportunity fund, which are set up specifically for investing in projects located within the established zones. The reason I am such an advocate for the potential opportunity zones have when it comes to helping aid the affordable housing problem in Los Angeles is that they provide a win-win outcome in the end.