Communities
Moving underserved communities forward
OPAL helps historically underserved communities lay a foundation for long-term revitalization through our Property Development Assistance Program (PDAP).
37
Communities Served
$16M+
Secured for PDAP Real Estate Deals
$1.48M
In Grant Funding Secured
Property Development Assistance Program (PDAP)
To ensure more great projects break ground, our Property Development Assistance Program (PDAP) helps commercial property owners and emerging developers take a community-supported project from concept to construction. We provide technical assistance to people working in underserved markets, helping to navigate pre-development planning, budgeting, pro forma creation, and capital stacking. PDAP often builds upon an already developed plan to activate a property to meet community needs and improve economic vitality.
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During PDAP, our technical assistance focuses on the following:
- Producing a detailed pre-development schedule
- Building a capitalization strategy, identifying applicable tax credit incentive programs
- Building a detailed construction pro forma based on findings from pre-development activities
- Guidance on meeting social, environmental, and economic impact standards
By the end of the PDAP engagement, project leaders will typically have all materials required to secure funding from public or private investors. OPAL cannot ensure that these projects ultimately receive funding.
If you have a project that merits consideration for this program, submit it here.
For projects that meet a certain return threshold and impact standard, OPAL may discuss the possibility of financial participation from one of OPAL’s financial investment vehicles.