Opportunity Zones
The Federal Tax Cuts and Jobs Act of 2017 included provisions for a new revitalization tool, the Opportunity Zone and Opportunity Fund. The designated zones and funds allow investors to receive tax benefits on currently unrealized capital gains that are invested through Opportunity Funds in eligible census tracts designated as…
Living Shorelines Initiative
Throughout the Northern Neck and coastal plain, homes and businesses are experiencing increased erosion from winds, waves, currents, tides and recreational activities making homes and businesses more vulnerable. To minimize long-term damage, an updated Shoreline Management Handbook is available from the Virginia Coastal Policy Center (VCPC), the Center for Coastal Resources…
Flood Hazard Mitigation
The premise of flood-hazard mitigation is this: Spend federal funds now to remove the risk of flooding, and the federal government will save money in the long term because the mitigated property will generate no flood-damage insurance claims in the future. This is because flood insurance is provided not by…
Public Access Authority
The Northern Neck Chesapeake Bay Public Access Authority (NNCBPAA) was created to identify land, held privately or owned by the Commonwealth of Virginia, that can be secured or purchased for use by the general public as a public access site. With already acquired lands, the Authority determines the appropriate public-use…