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 [...]
UB Community Development Announces $7 Million in New Markets Tax Credit Funding to Transform Historic Cleburne County High School into Assisted Living and Memory Care Facility. Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced $7 million in New Markets Tax Credit (NMTC) funding as part [...]
UB Community Development announces $8 million in New Markets Tax Credit funding for Hamilton Homebuilders. Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced $8 million in New Markets Tax Credit (NMTC) funding for Hamilton Homebuilders to update and reopen manufacturing facilities in Hamilton and Double [...]
UB Community Development Announces Partnered Funding for Abbeville Fiber Sawmill Creating 115 Full Time Jobs Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, has announced partnered funding for the new fiber sawmill in Abbeville, Alabama. The mill is a state-of-the-art sawmill, featuring the latest technology in the industry and [...]
United Bank and UB Community Development provide funds for the construction of Village at Bridge Creek Apartments. Atmore, AL – United Bank and UB Community Development have provided $175,000 in secondary financing to the Community Action Partnership of North Alabama (“CAPNA”) for the construction of Village at Bridge Creek Apartments, a 56-unit affordable seniors multi-family [...]
Project Address 22454 U.S. 72 Athens, AL 35611 Project Name Athens-Limestone Hospital, Athens, Alabama Amount of NMTC Allocation $5 Million Community Profile Population: 26,247 Poverty Rate: 16.8% Unemployment Rate: 2.9% Household Median Income: $47,741.00 Job Creation 121 Direct Full-Time Jobs 170 Permanent Full-Time Jobs Project Highlights The total amount for the project is $20MM [...]
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 [...]
