OPPORTUNITY ALABAMA INC

Our second largest programmatic activity during 2024 was our property development assistance program (pdap) which helps property owners and emerging developers in underserved markets take a community-supported project from concept to construction. We help project teams navigate pre-development planning, budgeting, market analysis, pro forma creation. We then help projects secure all the incentives possible to enhance their ability to receive investment and break ground. Through pdap, we are building a pipeline of projects that are bringing vacant buildings back into service and supporting meaningful new construction while supporting local businesses, creating and improving housing, supporting reuse and/or redirection of downtown areas and central business districts, and more. During 2024, we assisted 16 different projects in low-income or underserved communities across alabama with our full suite of pdap programming. These projects will provide everything from community art space and new retail to boutique hotels and critically-needed housing.