Project Address 1318 Hueytown Road Hueytown, AL 35023 Project Name Hueytown Fire Department Hueytown, Alabama Amount of Community Facilities Lending Funds $1,000,000 Community Profile Located in Hueytown, AL Population: 15,380 Poverty Rate: 12.7% Unemployment Rate: 5.6% Household Median Income: $49,705 Community Impact Prior to the purchase of the new engine, the city’s existing fleet [...]
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UB Community Development Announces $3.5 Million in New Markets Tax Credit for Nonprofit, Community Foundation of South Alabama Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $3.5 million in New Markets Tax Credit (NMTC) for Southwest Alabama-based nonprofit, Community Foundation of South Alabama (CFSA). The funds will [...]
UB Community Development & National Community Investment Fund Announce $6.5 Million in New Markets Tax Credit Loan & Investment Fund for Local Nonprofit & Small Businesses. Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, and National Community Investment Fund (NCIF) announce $6.5 million in New Markets Tax [...]
Project Addresses 306 Franklin Street New Hebron, MS 39140 215 US Hwy 51 North Brookhaven, MS 39601 1174 E. 3rd Street Forest, MS 39074 263 Magnolia Drive Raleigh, MS 39153 650 N. Oak Avenue Ruleville, MS 38771 Project Name Sullivan’s Grocery Stores New Hebron, Forest, Raleigh, Ruleville and Brookhaven, Mississippi Amount of NMTC Allocation $7.5 [...]
UB Community Development Announces a $7.5 Million Allocation from the New Markets Tax Credit (NMTC) Loan & Investment Fund to Renovate and Expand Sullivan’s Grocery Stores. Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced a $7.5 million allocation from the New Markets Tax Credit (NMTC) [...]
Project Addresses 330 Buccaneer Street Hamilton, AL 35570 455 Highway 33 Double Springs, AL 35553 Project Name Hamilton Homebuilders Hamilton, Alabama & Double Springs, Alabama Amount of NMTC Allocation $8 Million Community Profile (Marion County) Hamilton is the county seat of Marion County in northwest Alabama. Population: 29,833 Poverty Rate: 17.6% Unemployment Rate: 3.0% [...]
Project Address 91 Willoughby Street Heflin, AL 36264 Project Name Carillon Oaks Assisted Living & Memory Care Heflin, Alabama Amount of NMTC Allocation $7 Million Community Profile Poverty Rate: 19.1% Unemployment Rate: 2.4% Household Median Income: $37,400 Community Impact Once completed, Carillon Oaks will create approximately 40 jobs. Rural communities like Heflin typically do [...]
Project Address Intersection of U.S. Highway 431 and Alabama Highway 27 Project Name Abbeville Fiber Sawmill Abbeville, Alabama Total Investment $40 million Community Profile Population: 17,209 Poverty Rate: 13.7% Unemployment Rate: 2.8% Household Median Income: $45,569 Community Impact When full production is reached, the mill will have 115 full-time employees, including truck drivers. The [...]
Project Address 13795 Highway 17 Chatom, Alabama 36518 Project Name Pine Belt Wood Products, LLC. Chatom, Alabama Amount of NMTC Allocation $617,000 Community Profile Population: 1,000 Poverty Rate: 23% Unemployment Rate: 6.2% Household Median Income: $40,000.00 Job Creation The company currently employs 391 and will add another five jobs after the ownership transition. Project [...]
Project Address 169 Interstate Drive Greenville, AL 36037 Project Name Greenville Chevrolet/HH&A Investments, LLC. Greenville, Alabama Amount of NMTC Allocation $1,426,383 Community Profile Located in Butler County, Alabama Population: 8,000 Poverty Rate: 27% Unemployment Rate: 4% Household Median Income: $34,000.00 Job Creation The expansion will increase the number of employees from five to 25. Project Highlights [...]