/PRNewswire/ Conserv, a Birmingham-based art and culture startup, today announced the completion of a $3 million Series A funding round. Conserv will use.
Opportunity Alabama announces $13 million OPAL Fund
Updated 4:14 PM;
Today 4:14 PM
The American Life Building on 4th Avenue North in Birmingham will be transformed into working-class housing through Opportunity Zone funds. The image captured Feb. 26, 2020. (Anna Beahm | abeahm@al.com).
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An Alabama organization at the forefront of federal Opportunity Zones now has a fund to encourage groups traditionally underrepresented in investing.
Opportunity Alabama is ushering out its $13 million OPAL Fund – created to invest in real estate projects and engage minority and woman-owned business ventures in development and management.
Initial investors in the OPAL Fund include the Regions Foundation and Alabama Power Foundation; family offices, such as Jemison Investment Company; community trusts like the Housing Affordability Trust and Alabama-based corporations.