Project Address 570 Devall Dr #101 Auburn, AL 36832 Project Name Auburn Research Park, Auburn, Alabama Amount of NMTC Allocation $6.8 million Community Profile Population: 63,793 Poverty Rate: 29.4% Unemployment Rate: 3.2% Household Median Income: $42,600.00 Job Creation 101 Full Time Jobs Created 314 Jobs Retained Community Impact The focus of the Auburn Research [...]
UB Community Development announces $6.8 million in New Markets Tax Credit funding for Auburn Research Park, Auburn, Alabama. Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced $6.8 million in New Markets Tax Credit funds to the Auburn Research and Technology Foundation to build and develop the [...]
United Bank and UB Community Development provide funds for the construction of Graceway Apartments Fairhope, AL – United Bank has provided $550,000 in secondary financing to The Morrow Companies for the construction of Graceway Apartments, a 48-unit affordable, multi-family project for seniors to be built in Fairhope, Alabama. A substantial portion of the funding is [...]
Project Address 3680 AL-81 N Tuskegee, AL 36083 Project Name The Skegee Travel Center in Tuskegee, Alabama Community Profile Poverty Rate: 32.8% Unemployment Rate: 5% Household Median Income: $21,180 Community Impact The 10,000 square foot travel center will help create an estimated 38 full-time and nine part-time jobs as well as six direct construction [...]
United Bank and UB Community Development provide funds for the construction of Nathan Ridge Apartments in Wetumpka, Alabama. July 2, 2019 - Atmore, AL -United Bank and UB Community Development have provided $275,000 in secondary financing to DSI Real Estate Partners for the construction of Nathan Ridge Apartments, a 56-unit affordable seniors multi-family project to [...]
UB Community Development announces $7 million dollars of New Markets Tax Credit funds for the Skegee Travel Center in Tuskegee, Alabama. June 27, 2019 - Atmore, AL -UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced $7,000,000.00 in New Markets Tax Credit funds allocated to Skegee Travel Center Holdings, LLC, [...]
Project NameALDICommunity ProfilePoverty Rate: 29.5%Unemployment Rate: 4%Household Median Income: $33,013Job CreationThe construction associated with the development of the project is expected to create up to 250 direct, full-time equivalent jobs. Uponcompletion, the company anticipates creating 120 FTE jobs based on expected operations of the facility.Project HighlightsProviding NMTC allocation to ALDI helps the center achieve internal [...]
Project Name North Baldwin Utilities Amount of Community Facilities Lending Program Allocation $3.1 Million Community Profile Bay Minette is the county seat of Baldwin County, Alabama with a population of nearly 10,000. The city’s top industries are manufacturing, healthcare, and retail. Community Impact The funding will enable North Baldwin Utilities (NBU) to purchase more [...]
Project Name Bay Minette Municipal Airport Amount of Community Facilities Lending Program Allocation $240,000 Community Profile Poverty Rate: 26.5% Unemployment Rate: 4% Household Median Income: $32,341 Project Highlights New hangar space will bring in additional rents and allow for more room for aircraft accommodation. Expected to provide a significant economic boost to the area. Enabling [...]
UB Community Development announces Community Facilities Lending Funding for meter replacement for North Baldwin Utilities in Bay Minette, Alabama. April 29, 2019 - Atmore, AL -UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced $3,100,000.00 in Community Facilities Lending funds designated to North Baldwin Utilities (NBU) for the purchase of [...]
