Speculative Building Program
The Alabama Power Company Speculative Building Program was established in 1991 for the purpose of advancing the construction and availability of quality buildings within a community. Funds may be used for the construction, acquisition and renovation of buildings.
Each community’s application will be evaluated on a case-by-case basis, which will provide flexibility in regard to the size and type of building. Whether or not Alabama Power Company will enter into a loan agreement depends upon the applicant meeting the minimum basic requirements listed above, upon the availability of funds from a limited source, and upon the priorities determined by an Alabama Power Company Executive Review Committee. As bonds mature, additional commitments from the revolving fund will be made.
Applications will be reviewed in order of receipt.