Lancaster, PA – According to filings with the U.S. Securities and Exchange Commission, OZFund is raising $4,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jeremy Feakins played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About OZFund

The OZFund provides a path for investors to support local communities that has never been available until now, and seeks to encourage investors to support low-income communities by investing in OZFund. For its first propsed project, OZFund has acquired a large property located on South Queen Street, Lancaster, Pennsylvania, an Opportunity Zone. The property will be developed into about +/- 72 affordable apartments and +/- 14,684 sf of commercial space, including a daycare center. The purpose of investing in a Qualified Opportunity Fund such as the OZFund, is to transform distressed neighborhoods into thriving economic hubs. A unique feature of the OZFund is that it may opportunistically make equity investments into some of the businesses that lease space from the Fund. This is a unique return enhancer that has the potential to deliver significantly higher returns for investors than other affordable housing-focused funds.

To learn more about OZFund, visit http://www.ozfundinc.com/

Contact:
Jeremy Feakins, Chief Executive Officer
717-715-0238
jeremy.feakins@otecorporation.com
https://www.linkedin.com/in/jeremyfeakins/

SOURCE: http://www.intelligence360.io
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