County leaders said they are hoping to make homes affordable for people such as child care workers, first responders, teachers, restaurant staff, office administrators and industrial park workers.
/PRNewswire/ The Housing Affordability Trust (HAT) today, on June 25, 2022, announced the 22 recipients of its 2022 grants. The HAT Board of Trustees was.
Revitalizing Bessemer s neighborhoods turns into community affair - Birmingham Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Opportunity Alabama announces the OPAL Fund to advance, support local communities
By Alabama NewsCenter Staff April 21, 2021
The St. James Hotel in Selma was constructed in 1836 and was renovated and reopened earlier this year using opportunity zone funding. (contributed)
Opportunity Alabama announced Wednesday the creation of the OPAL Fund – a qualified opportunity fund formed to invest in projects that meet expressed community needs and build wealth for people traditionally underrepresented in investing.
The OPAL Fund was created to invest in real estate projects that can produce market rates of return, engage minority and woman-owned business enterprises (MWBEs) in development and management, and create better communities across Alabama.
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).
Facebook Share
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.