The Opportunity Zone Program is a federal program that provides tax incentives, including temporary deferrals on capital gains taxes when investors reinvest those gains in qualified Opportunity Funds. These funds are in turn invested in communities from designated census tracts (Opportunity Zones).
The city's role in the Opportunity Zone Program is to connect funding with projects, develop an investable pipeline of projects and to leverage these projects to create new opportunities for residents and encourage upward mobility.
Rosemont is a neighborhood primarily made up of small to medium sized apartment complexes and single-family homes. This area is conveniently positioned along a strong road network, resulting in great potential for numerous commercial development and housing redevelopment opportunities.
Lake Orlando Homeowners Association (HOA) is a non-profit and non-mandatory group located within the Orlando Rosemont Neighborhood. The mission of the Lake Orlando HOA is to work together to ensure the quality of life in Rosemont through building strong memberships for continued development, improving community infrastructure and by fostering a safe environment.
Centrally located within the area is the Rosemont Preserve containing Lake Orlando. Rosemont Community Center is another perfect place in town to get outdoors, fully equipped with tennis courts, pavilions, a playground and even an outdoor pool.
Along North Orange Blossom Trail there are a few pockets of commercial retail and chain restaurants to accommodate the neighborhoods within the community.