Project Address 147 Eutaw Street Marion, AL 36756 Perry County, Alabama Preservation of Affordable Housing The development received an allocation of Low Income Housing Tax Credits from the Alabama Housing Finance Authority in 2020 which allowed the property to be rehabilitated and preserve the units as affordable housing in the community. Amount of Construction Financing [...]
Project Address 2407 Dutch Bend Street Autaugaville, AL 36003 Project Name Autaugaville Senior Center Autaugaville, Alabama Amount of Construction & Permanent Financing Funds $419,000 Community Profile Population: 779 Poverty Rate: 16.7% Unemployment Rate: 2.7% Household Median Income: $35,500 Community Impact The new facility will replace the existing Senior Center, which was built in the 1920s [...]
Project Address 2595 Ensley-Pleasant Grove Road Fairfield, AL 35064 Project Name HarbisonWalker International Plant Fairfield, Alabama Amount of New Markets Tax Credit Funds $8 Million Community Profile Population: 9,776 Poverty Rate: 23.7% Unemployment Rate: 2.4% Household Median Income: $45,002 Project Highlights The modernized facility will become one of HWI’s most efficient manufacturing facilities, creating 50 [...]
Project Address Port of Epes Highway Epes, AL 35460 Project Name Enviva Pellets Plant Epes, Alabama Amount of New Markets Tax Credit Funds $42.5 Million Community Profile Population: 275 Poverty Rate: 17.54% Unemployment Rate: 3.4% Household Median Income: $26,265 Project Highlights The construction and development of the project is expected to create 400 plus direct [...]
Project Address 1524 3rd Ave North Birmingham, AL 35203 Project Name Historic Edwards Motor Company Building Renovation Birmingham, Alabama Amount of New Markets Tax Credit Funds $5.5 Million Community Profile Population: 210,928 Poverty Rate: 24.7% Unemployment Rate: 3.2% Household Median Income: $38,842 Project Highlights The building is owned by NEXTEC, LLC, which will lease space [...]
Project Address U.S. 280 and Thweatt Industrial Blvd. Dadeville, AL 36853 Project Name Dadeville Pole Company, New Utility Pole Manufacturing Facility Dadeville, Alabama Amount of New Markets Tax Credit Funds $7.5 Million UBCD is managing the NMTC investment on behalf of United Bancorporation of Alabama and another community bank. Community Profile Population: 3,056 Poverty Rate: [...]
UB Community Development Announces $8 Million in New Markets Tax Credit Funds to HarbisonWalker International Inc.Atmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the closing of a New Markets Tax Credit (NMTC) allocation of nearly $8 million to support the modernization of the HarbisonWalker International plant [...]
UB Community Development Announces $42.5 Million in New Markets Tax Credit Funds to Enviva Pellets Epes Finance Company, LLC Atmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the closing of a $42.5 million New Markets Tax Credit (NMTC) allocation to support the building of the world’s [...]
UB Community Development Announces $5.5 Million in New Markets Tax Credit Funds to NEXTEC, LLC Atmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the closing of a $5.5 million New Markets Tax Credit (NMTC) allocation for the renovation of the historic 90-year-old Edward’s Motor Company building [...]
UB Community Development LLC Announces Funding for Dadeville Pole Company in Dadeville, Alabama Atmore, AL - UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today that it has closed a $7.5 million New Markets Tax Credit transaction with Dadeville Pole Company, LLC (DPC), to construct a utility pole manufacturing facility [...]
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