As it sits right now I don't think there is language out there precluding someone from getting New Market Credits and qualifying for an OZ. 

I grew up not far from State College, PA, and currently work there as an engineer for Penn State University. 

Louis investors,I've got a 4-family property under contract in University City area of St.

You speak the language and know the code, sadly you can't capitalize (and I mean that word respectively) until your service is done.Best wishes, 

Or is there another factor (besides proximity) that needs to be considered before a university can be considered a major university and economic anchor?

An economic anchor is something that supports the local economy and is not going anywhere even during an economic downturn.Question: Hypothetically speaking, if the average commute to work of residents who live in a desired market is 25 minutes and a major university or hospital is 23 minutes away, but is located in the next town over... can the hospital or university still be considered an economic anchor?

I think returns can, for the most part be universal....However, expected returns will differ even between states so I'd guess that's probably where most of the differences will come in to play....Also, the laws of the country you're investing in.Many books are more focused towards mindset. 

I got out a few years ago and continued with my education and I am currently attending college at the University of Hawaii and will graduate in December this year with a Business Management degree.

Although they may continue to maintain the home as they have in the past any lease language, beyond what they may want regarding the home,  will be nearly impossible for you to enforce. 

If by saying "you can take an equity line out on an investment property but not a home equity you don't live in", Michele is just saying: "it's not called a HELOC, but it's called an ELOC", then why didn't your Loan Officer know enough to talk to you in that same language?