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Power of 32 Site Development Fund
Power of 32 Site Development Fund is an unclassified; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts for...
Overview
POWER OF 32 SITE DEVELOPMENT FUND, LLC is an exempt reporting adviser in Pittsburgh, PA. It is based in Pittsburgh, PA. The firm.
General information
Firm type
Unclassified
Location
Region
North America
Country
United States
Sector focus
Frequently asked questions
How does the fund source its capital?
Unlike a private real estate fund that raises LP commitments, the Power of 32 Site Development Fund assembles project-level capital stacks from federal brownfield grants (notably EPA Brownfields Assessment and Cleanup grants), Appalachian Regional Commission POWER grants, Pennsylvania's Redevelopment Assistance Capital Program, and county-level economic development authority allocations. Foundation program-related investments and grants also contribute to pre-development and carrying costs.
What types of sites does the fund acquire and remediate?
The fund focuses on former industrial parcels—steel mill sites, abandoned mine lands, shuttered manufacturing plants, and rail-adjacent brownfields—that require environmental remediation, title assembly, or infrastructure extension before they can be marketed to commercial developers and corporate end-users. Typical contaminants include heavy metals, mine acid drainage, and legacy petroleum or solvent residues, all managed under state voluntary cleanup programs.
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