Tommy DobczykOpportunity Zone Advisor, OZ Wizard · Director of Development | Certified Opportunity Zone Advisor

Multifamily Rezoning: Opportunity Zone Tax Shelter Secrets #shorts

29 Mar 2026 · 0 min

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In this short, Tommy Dobczyk and an unnamed speaker discuss the key factors for pursuing a multifamily/industrial mixed‑use development within an Opportunity Zone. The speaker outlines the strategic decision between rezoning for multifamily versus using a covered land bank, emphasizing the need for experienced entitlement teams, deep capital stacks, strong construction relationships, and a 20%+ contingency reserve. He then lists concrete due‑diligence actions: contacting the city planner, obtaining a preliminary title report, conducting a Phase I environmental assessment, estimating horizontal development costs, and stress‑testing construction budgets. Tommy probes the investor’s readiness, confirming that having roughly $3 million in liquid funds, a general‑contractor partner, a prepared capital stack, and a zoning attorney are essential prerequisites to move forward.

Are you in the deal room?
Multifamily industrial warehouse demand, mixed-use play, Opportunity Zone tax shelter. And these are the questions: is it a rezoning for multifamily, a covered land bank instead of an Opportunity Zone? The truth is this could be a deal for experienced developers with entitlement teams, with capital stack depth, with construction relationships, and with 20% plus contingency reserves. So if I was a skilled investor, I would call the city planner, order preliminary title, run environmental phase 1, estimate the horizontal development costs, and stress test construction.
All right. So at that point, what you're able to see is that it— I love that it says, let me ask you, do you have $3 million liquid, a GC partner, capital stack ready, and a zoning attorney? If you do, you're good to go.