
Combined Life Settlement Notes - no external credit warrantor
2
● Alabama is the 5th poorest state in the nation with 14.9% living below poverty line
(Alabama Public Health Dept.)
● 17% of Alabama adults and 23% of children (1 in 4) face food insecurity (Alabama Dept.
of Public Health)
● 1 in 5 children in Alabama face food insecurity (Feeding Alabama)
● Food insecurity grew 44% between 2021-2023 - from 300,000 to nearly 500,000
people (Hunger Free America report)
● 200,000 children were living with food insecurity in Alabama in 2022
● Groceries in food deserts cost 10% more than in suburban areas (USDA)
● Food desert definition: Urban areas more than 1 mile from supermarket; Rural areas more
than 10 miles
● 2.1 million Americans live in food deserts without vehicle access (USDA)
● 19.1% of Black households and 15.6% of Latino households experience food insecurity
vs. 7.9% for White households
Infrastructure Costs (Verified Sources)
Traditional Stormwater Solutions
● Alabama's stormwater infrastructure has "significantly exceeded its design life"
(Alabama Infrastructure Report Card, ASCE)
● Systems were implemented "without uniform community standards, little accounting
for upstream development" and "no consideration of climate change effects"
● Federal and state funding needed: Over $82 million awarded to Alabama in 2024 for
stormwater infrastructure (EPA)
● Representative costs:
○ Tuscaloosa spent $1.5-4 million on storm pipe repairs from one event (AP News,
2021)
○ Coastal Alabama receiving $30 million for sewer/stormwater improvements (2024)
Rain Garden Alternative Cost-Effectiveness
________________________________________________
© North Star Group, Inc. 2025 All rights reserved.
19901 Quail Circle
Fairhope AL 36532
701-770-9118
michaelh@nsgia.com