Project Address 406 Medical Park Drive Atmore, AL 36502 Project Name ACH Urgent Care Atmore, Alabama Amount of Community Facilities Lending Funds $3.5 Million Community Profile Population: 9,749 Unemployment: 3.6% Poverty: 32.2% Household Median Income: $25,955 Community Impact The new Urgent Care Clinic will provide currently underserved Escambia County residents with expanded hours, convenient walk-in [...]
UB Community Development Announces $3.5 Million in Community Facilities Lending Funds for the Construction of Atmore Urgent Care Facility Atmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced $3.5 million in Community Facilities Lending funds for the construction of the Atmore Community Hospital (ACH) Urgent Care facility. [...]
UB Community Development & Peoples Bank Announce $9.5 Million in New Markets Tax Credit Loan & Investment Fund for Local Small Businesses Atmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, and Peoples Bank Mendenhall, MS announce $9.5 million in New Markets Tax Credit (NMTC) funding for a [...]
UB Community Development Announces $7 Million in New Markets Tax Credit Funding for Realty Masters LLC, an affiliate of ColorMasters, LLC in Albertville for Construction of Railyard Facility Atmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, allocated $7 million in New Markets Tax Credit (NMTC) as part [...]
United Bank Receives $8 Million in Capital Magnet Funds Award from U.S. Department of Treasury Atmore, AL - Robert R. Jones, III, President and CEO of United Bank, a subsidiary of United Bancorporation of Alabama, Inc. (OTCQX: UBAB), announced today that United Bank has received an award of $8 million from the U.S. Department [...]
Project Address 632 Smith Road Albertville, AL 35951 Project Name RealtyMasters, LLC. Railyard Facility Albertville, Alabama Amount of New Markets Tax Credits $7 million Community Profile Population: 21,460 Unemployment: 3.3% Poverty: 28.5% Household Median Income: $40,047 Community Impact The funds will be used to construct a 15-acre railyard to supply materials at RealtyMasters, LLC, an [...]
Project Address 437 Industrial Park Road Atmore, AL 36502 Project Name Coastal Growers Peanut Shelling Plant Atmore, Alabama Amount of New Markets Tax Credit Funds $10 million Community Profile Population: 9,107 Unemployment: 2.7% Poverty: 34.6% Household Median Income: $26,118 Community Impact The new 475,000-square-foot facility will source peanuts within a 200 mile radius from [...]
UB Community Development Announces $10 Million in New Markets Tax Credit Funds to $87 Million Coastal Growers Peanut Shelling Plant in AtmoreAtmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the placement of $10 million of their New Markets Tax Credit (NMTC) allocation into Coastal Growers. UBCD, [...]
Project Address20815 Bishop RoadFairhope, AL 36532Project NameGraceway ApartmentsFairhope, AlabamaAmount of Capital Magnet Fund$550,000Community ProfilePopulation: 22,085Unemployment: 2.7%Poverty: 10.1%Household Median Income: $58,767Community ImpactGraceway is a 48-unit senior development with 44 one-bedroom units and 4 two-bedroom units. Eighteen units are reserved for households at or below 60 percent of the area median income and 30 units serve households [...]
Project Address 880 Old Sardine Road Flomaton, AL 36441 Project Name Escambia Peanut Company, LLC Flomaton, Alabama Amount of New Markets Tax Credit Funds $11.6 million Community Profile Population: 37,000 Unemployment: 6.5% Poverty: 24% Household Median Income: $35,000 Community Impact The farmer-members will use the NMTC funding to purchase new equipment, expand to existing [...]
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