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UB Community Development Announces $8 Million in New Markets Tax Credits for City of Brewton & Brewton Development Authority, Supporting Downtown Redevelopment

Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $8 million in New Markets Tax Credits (NMTC) to the City of Brewton & Brewton Development Authority. The funds will be used to support downtown redevelopment efforts, attracting and encouraging new development projects as well as additional job creation.

The redevelopment plan includes demolition and renovation of properties within the downtown area, making it an attractive public improvement for businesses to relocate to Brewton. Brewton has a unique location and many affirming characteristics such as ranking as one of the 100 best small towns in America and an extraordinarily ranked school system. The city and development authority had a strong vision for this project to cultivate a safe and vibrant downtown with strong sustainable vitality using the underutilized space.

Provalus is one of the main companies to benefit from this anchor project. Provalus expanded to Brewton in 2017, occupying vacant downtown space. Since then, Provalus has been successful in attracting, retaining and investing in software technology-based employment. Their mission in attracting talent to rural communities has their current facility at capacity. The expanded development gives Provalus the capacity to expand in their existing facility.

“We are gratified with the enhancements and resurgence of the emerging downtown Brewton business district,” said Alex Jones, President of UBCD. “It takes more than a single project to restore a downtown, it takes continued partnership and commitment. Together, in partnership with the City of Brewton and Brewton Development Authority, our mission of providing innovative funding solutions like New Markets Tax Credits is stimulating downtown redevelopment, recruiting new business, converting unused space, and improving the physical image of downtown.”

“Watching Provalus grow and build in our downtown is nothing short of thrilling,” Mayor Yank Lovelace said. “There is nothing more exciting than seeing our strategy for economic development work, with jobs and future development being the return on our investment. We have partnered with state and federal agencies, and local financial institutions to set the stage for a thriving downtown, and Provalus will be one of our biggest stars.”

For more information about UB Community Development, or for help with planning your next funding project, contact Alex Jones, President, UB Community Development at (251) 446-6017 or email alex.jones@unitedbank.com. For more information about United Bank, please contact Tonya Lambert,
SVP, Chief Marketing and Public Relations Officer, at (251) 446-6004 or email tonya.lambert@unitedbank.com.

# # #

About United Bank
Our company is an $890,000,000 financial institution that has enjoyed 116 years of continuous service to Atmore, Alabama and surrounding communities. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort, Daphne, Summerdale and Semmes in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton, and Pace. For more information about United Bank, please visit our website at www.UnitedBank.com. Member FDIC.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more. For more information about UB Community Development, visit our website at www.UBCommunityDevelopment.com.

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UB Community Development, LLC Awarded $65 Million in New Markets Tax Credits

Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the company has been awarded an allocation of $65 million in New Markets Tax Credits (NMTC). Through the NMTC program, the Community Development Financial Institution Fund (CDFI Fund) allocates tax credit authority to Community Development Entities (CDEs) via a highly competitive application process. UBCD was one of 73 CDEs awarded an allocation. This award marks our company’s third NMTC allocation, totaling $185 million that has been deployed into over $400 million in investments throughout Alabama and Florida communities.

The NMTC program helps economically distressed communities attract private investment capital. The tax credits help to fill financing gaps for projects in these areas by enabling investors to make larger investments. Since the program’s inception, $44 billion in NMTC funds have been invested in low income communities. UBCD has been an active participant in placing their $120 million NMTC allocation as well as sourcing more than $150 million additional NMTC projects in qualifying census tracts in Alabama and Florida. Our experience in NMTC transactions has supported job growth through projects such as healthcare facilities, manufacturing, education, hospitality, non-profits, community centers, retail and grocery stores in food deserts.

CDEs, like UBCD, use their authority to offer tax credits to investors in exchange for an equity investment into the eligible projects. With these capital investments, UBCD facilitates loans and investments to businesses and non-profits operating in distressed areas that have better rates and terms and more flexible features than traditional market loans.

“Ensuring access to capital is essential to sustaining and growing small businesses across our markets,” Alex Jones, UBCD President, said. “Being awarded this allocation will afford UBCD the opportunity to continue our work in funding critical projects in low income communities in Alabama and Florida.”

In 2016, United Bancorporation of Alabama became the only CDE headquartered in Alabama to receive a New Markets Tax Credit allocation. This $65 million allocation was made possible because of United Bank’s designation as a Community Development Financial Institution (CDFI) and UBCD’s designation as a Community Development Entity (CDE) with a mission to bring economic viability to rural and low-to-moderate income areas. Since earning the CDFI designation in 2010, United Bank’s team has focused on creating products and services that positively impact consumers and small businesses. United Bank has been recognized by the FDIC for its work in these areas.

For more information about UB Community Development, or for help with planning your next funding project, contact Alex Jones, President, UB Community Development at (251) 446-6017 or email alex.jones@unitedbank.com. For more information about United Bank, please contact Tonya Lambert,
SVP, Chief Marketing and Public Relations Officer, at (251) 446-6004 or email tonya.lambert@unitedbank.com.

# # #

About United Bank
United Bank is a $742,977,301 financial institution that has enjoyed 116 years of continuous service to Atmore, Alabama and surrounding communities. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort, Daphne, Summerdale and Semmes in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton, and Pace. For more information about United Bank, please visit our website at www.UnitedBank.com. Member FDIC.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more. For more information about UB Community Development, visit our website at www.UBCommunityDevelopment.com.

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Project Address

5840 Old Highway 43
Satsuma, AL 36572

Project Name

City of Satsuma Fire Truck
Satsuma, Alabama

Amount of Community Facilities Lending Funds

  • $447,000

Community Profiles

  • Population: 6,157
  • Unemployment: 4.7%
  • Median Household Income: $63,611
  • Poverty Rate: 9.5%

Community Impact

  • The Satsuma Fire Department serves more than 7,000 Satsuma residents within 10 square miles. Their services expand to surrounding communities like Saraland, Creola and Axis if necessary. The city will now have four firetrucks in addition to new equipment for the new truck.

Project Highlights

  • “It was important to us as community leaders to upgrade and add to our firetruck fleet,” said Mayor Tom Williams. “We explored replacing the aging truck but until now, we were not able to have proper financing to fund the new truck. The city would like to thank Chris Walker
    for helping with this project. We would also like to thank the council members in their forward thinking in approving a replacement truck.”
  • “We are excited to extend our partnership with the City of Satsuma,” said Alex Jones, President UBCD. “Safety services are vital to building strong vibrant communities. We would like to congratulate the City of Satsuma on their strategic vision in expanding their emergency services.”

Satsuma Fire Department, a UB Community Development (UBCD) Community Facilities Lending Program Success Story

UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $447,000 in Community Facilities Lending funding for the purchase of a new fire truck for the City of Satsuma Fire Department.

Firefighters undergo technical and physical endurance training to earn their certifications. They are trained to provide services in the midst of tragic emergencies. Emergency services are critical functions of a community. Having an operational, reliable fire truck is an important component to fire departments. The city will now have four firetrucks in addition to new equipment for the new truck.

In 2019, the City of Satsuma was rated by FBI statistics as the safest city in Alabama. With more than 1550 students enrolled at Satsuma City Schools and growing, the Satsuma Fire Department serves more than 7,000 Satsuma residents within 10 square miles. Their services expand to surrounding communities like Saraland, Creola and Axis if necessary. Having efficient and reliable fire services and resources are critical to keeping residents and firefighters in the community safe.

The City of Satsuma had a vested interest in ensuring their commitment to their firefighters to have the resources they need to stay safe. In 2019, the city celebrated their new 10,000-square-foot public safety building. Soon after, the Mayor and Council turned their attention to the
replacement of aging equipment. With a staff of eight, including the fire chief, as well as countless volunteers, the fire department had three fire trucks in their fleet, one of which was aging.

“We are excited to extend our partnership with the City of Satsuma,” said Alex Jones, President UBCD. “Having provided Community Facilities Lending funds for both the public safety building and their new fire truck, we feel they have the resources they need to provide fire and safety services for the residents of Satsuma. Safety services are vital to building strong vibrant communities. We would like to congratulate the City of Satsuma on their strategic vision in expanding their emergency services.”

“It was important to us as community leaders to upgrade and add to our firetruck fleet,” said Mayor Tom Williams. “Our intention was to keep the aging truck operational and in our reserve. We knew that if we kept using the aging truck on a regular basis, we might get into a situation where it would not be in service. We explored replacing the aging truck, but until now, we were not able to have proper financing to fund the new truck. The city would like to thank Chris Walker for helping with this project. We would also like to thank the council members in their forward thinking in approving a replacement truck.”

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more.

Since 2016, the U.S. Department of Treasury, through its New Markets Tax Credit Program, has awarded United Bancorporation of Alabama (OTCQX: UBAB), the parent corporation of United Bank and UBCD, $120 million in New Markets Tax Credit allocations. UBA, and subsequently UBCD, are the only community development entities (CDE) headquartered in Alabama to receive a NMTC allocation from Treasury in the last decade. This success was made possible largely because of United Bank’s designation as a Community Development Financial Institution (CDFI) and the organization’s unwavering commitment to its CDFI mission to bring positive and sustainable economic and quality-of-life improvements to underserved communities, not only in its traditional banking footprint, but throughout the entire states of Alabama and Florida.

Additionally, UBCD, as the community development management entity for UBA, manages a $40 million Community Facilities Lending Program, which provides accessible, low-cost capital to local government and nonprofits in rural areas. Finally, UBCD offers Community Housing Capital (CHC) investments as part of its commitment to strong inclusive neighborhoods and diverse housing opportunities. CHC investments are partly funded by Capital Magnet Fund (CMF) awards allocated through the US Department of Treasury. Since 2018, United Bank has been the recipient of two CMF awards totaling $10 million. Like the New Markets Tax Credit awards, UBCD is the only Alabama-based bank to receive and administer these programs.

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Project Address

412 East Ridgeley Street
Atmore, AL 36502

Project Name

Atmore Sanitation Department
Atmore, Alabama

Amount of Community Facilities Lending Funds

  • $1 Million

Community Profiles

  • Population: 9,354
  • Unemployment: 4.6%
  • Median Household Income: $25,955
  • Poverty Rate: 23.5%

Community Impact

  • Improved sanitation efforts will enhance the city’s environmental health and provide for a greener, cleaner city.
  • Located in a residential area, the sanitation department update will enhance the aesthetics of the neighborhood, elevating a sense of community pride.

Project Highlights

  • The City of Atmore employs 20 sanitation workers who provide services for more than 9,200 residents including the healthy removal of household garbage, limbs, and yard waste. Sanitation workers are also responsible for parks and recreation maintenance, drainage ditch debris removal, and right-of-way lawn maintenance. The sanitation department also serves as a recycling drop off site.
  • The new facility is a 6,000-square-foot pre-engineered metal building with new amenities like state-of-the-art ventilation and climate-controlled work environment. The new facility will replace the more than 60-year-old facility and include many upgrades like a hydraulic lift base to help maintain city vehicles, office space and an employee break room.

Atmore Sanitation Department, a UB Community Development (UBCD) Community Facilities Lending Program Success Story

UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $1 million in Community Facilities Lending funding for the construction of a new sanitation department building.

The City of Atmore employs 20 sanitation workers who provide sanitation services for more than 9,200 residents in Atmore, who execute the healthy removal of household garbage, limbs and yard waste. Additionally, sanitation workers work on beautification projects such as parks and recreation maintenance, drainage ditch debris removal and right of way lawn maintenance. The sanitation department building also serves as a recycling drop off site, and a location for the maintenance of city vehicles.

“The importance of having adequate sanitation facilities and services in a community cannot be overstated,” said Alex Jones, UBCD President. “Providing a healthy community environment is a necessity, keeping the community cleaner and greener. We are pleased to partner with the City of Atmore on their long-awaited sanitation project, deploying our Community Facilities Lending program as a funding solution.”

The new facility is a 6,000-square-foot pre-engineered metal building with new amenities like state of the art ventilation and climate-controlled work environment. The new facility will replace the more than 60-year-old facility and will include many new upgrades like a hydraulic lift base to help maintain city vehicles, office space and an employee break room.

The city has a strategic objective to elevate city revitalization efforts. The sanitation department is located in a residential area. This update will enhance the aesthetics of the neighborhood, elevating a sense of community pride.

“This project has been in the works for more than 20 years,” said Atmore Mayor Jim Staff. “The Community Facilities Lending program made it affordable for us to move forward on this much needed update. We would like to extend special thanks to United Bank and the UBCD team, specifically Chris Walker. We are proud to offer our employees a modern place to work, modern equipment, heating and cooling service as well as new improved safety features.”

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more.

Since 2016, the U.S. Department of Treasury, through its New Markets Tax Credit Program, has awarded United Bancorporation of Alabama (OTCQX: UBAB), the parent corporation of United Bank and UBCD, $120 million in New Markets Tax Credit allocations. UBA, and subsequently UBCD, are the only community development entities (CDE) headquartered in Alabama to receive a NMTC allocation from Treasury in the last decade. This success was made possible largely because of United Bank’s designation as a Community Development Financial Institution (CDFI) and the organization’s unwavering commitment to its CDFI mission to bring positive and sustainable economic and quality-of-life improvements to underserved communities, not only in its traditional banking footprint, but throughout the entire states of Alabama and Florida.

Additionally, UBCD, as the community development management entity for UBA, manages a $40 million Community Facilities Lending Program, which provides accessible, low-cost capital to local government and nonprofits in rural areas. Finally, UBCD offers Community Housing Capital (CHC) investments as part of its commitment to strong inclusive neighborhoods and diverse housing opportunities. CHC investments are partly funded by Capital Magnet Fund (CMF) awards allocated through the US Department of Treasury. Since 2018, United Bank has been the recipient of two CMF awards totaling $10 million. Like the New Markets Tax Credit awards, UBCD is the only Alabama-based bank to receive and administer these programs.

Download the success story here.

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UB Community Development Announces $1 Million in Community Facilities Lending Funding for Construction of Sanitation Department Building.

Fire TruckAtmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $1 million in Community Facilities Lending funding for the construction of a new Sanitation Department building.

The City of Atmore employs twenty sanitation workers who provide sanitation services for more than 9,200 residents in Atmore, and execute the healthy removal of household garbage, limbs and yard waste. Additionally, sanitation workers work on beautification projects such as parks and recreation maintenance, drainage ditch debris removal and right of way lawn maintenance. The sanitation department building also serves as a recycling drop off site, and a location for the maintenance of city vehicles.

“The importance of having adequate sanitation facilities and services in a community cannot be overstated,” said Alex Jones, UBCD President. “Providing a healthy community environment is a necessity, keeping the community cleaner and greener. We are pleased to partner with the City of Atmore on their long awaited sanitation project, deploying our Community Facilities Lending program as a funding solution.”

The new facility is a 6,000-square-foot pre-engineered metal building with new amenities like state of the art ventilation and climate controlled work environment. The new facility will replace the more than 60-year-old facility and will include many new upgrades like a hydraulic lift base to help maintain city vehicles, office space and an employee break room.

The city has a strategic objective to elevate city revitalization efforts. The Sanitation Department is located in a residential area. This update will enhance the aesthetics of the neighborhood, elevating a sense of community pride.

“This project has been in the works for more than 20 years, ” said Atmore Mayor Jim Staff. “The Community Facilities Lending program made it affordable for us to move forward on this much needed update. We would like to extend special thanks to United Bank and the UBCD team, specifically Chris Walker. We are proud to offer our employees a modern place to work, modern equipment, heating and cooling service as well as new and improved safety features.”

For more information about UB Community Development, or for help with planning your next funding project, contact Alex Jones, President, UB Community Development at (251) 446-6017 or email alex.jones@unitedbank.com. For more information about United Bank, please contact Tonya Lambert,
SVP, Chief Marketing and Public Relations Officer, at (251) 446-6004 or email tonya.lambert@unitedbank.com.

# # #

About United Bank
Our Company is a $742,977,301 financial institution that has enjoyed 116 years of continuous service to Atmore, Alabama and surrounding communities. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort, Daphne, Summerdale and Semmes in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton, and Pace. For more information about United Bank, please visit our website at www.unitedbank.com. Member FDIC.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more. For more information about UB Community Development, visit our website at www.UBCommunityDevelopment.com.

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UB Community Development Announces $447,000 in Community Facilities Lending Funding for City of Satsuma Fire Truck.

Fire TruckAtmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $447,000 in Community Facilities Lending funds for the purchase of a new fire truck for the City of Satsuma Fire Department.

Firefighters undergo technical and physical endurance to earn their certifications. They are trained to provide services in the midst of tragic emergencies. Emergency services are critical functions of a community. Having an operational, reliable fire truck is an important component to fire departments. The city will now have four fire trucks in addition to new equipment for the new truck.

In 2019, the City of Satsuma was rated by FBI statistics as the safest city in Alabama. With more than 1,550 students enrolled at Satsuma City Schools and growing, the Satsuma Fire Department serves more than 7,000 Satsuma residents within 10 square miles. Their services expand to surrounding communities like Saraland, Creola and Axis if necessary. Having efficient and reliable fire services and resources are critical to keeping residents and firefighters in the community safe.

The City of Satsuma had a vested interest in ensuring their commitment to their firefighters to have the resources they need to stay safe. In 2019, the city celebrated their new 10,000-square-foot public safety building. Soon after, the Mayor and Council turned their attention to the replacement of aging equipment. With a staff of eight, including the fire chief, as well as countless volunteers, the fire department had three fire trucks in their fleet, one of which was aging.

“We are excited to extend our partnership with the City of Satsuma,” said Alex Jones, President UBCD. “Having provided Community Facilities Lending funds for both the public safety building and their new fire truck, we feel they have the resources they need to provide fire and safety services for the residents of Satsuma. Safety services are vital to building strong, vibrant communities. We would like to congratulate the City of Satsuma on their strategic vision in expanding their emergency services.”

“It was important to us as community leaders to upgrade and add to our firetruck fleet,” said Mayor Tom Williams. “Our intention was to keep the aging truck operational and in our reserve. We knew that if we kept using the aging truck on a regular basis, we might get into a situation where it would not be in service. We explored replacing the aging truck, but until now, we were not able to have proper financing to fund the new truck. The city would like to thank Chris Walker for helping with this project. We would also like to thank the council members in their forward thinking in approving a replacement truck.”

For more information about UB Community Development, or for help with planning your next funding project, contact Alex Jones, President, UB Community Development at (251) 446-6017 or email alex.jones@unitedbank.com. For more information about United Bank, please contact Tonya Lambert,
SVP, Chief Marketing and Public Relations Officer, at (251) 446-6004 or email tonya.lambert@unitedbank.com.

# # #

About United Bank
United Bank is a $742,977,301 financial institution that has enjoyed 116 years of continuous service to Atmore, Alabama and surrounding communities. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort, Daphne, Summerdale and Semmes in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton, and Pace. For more information about United Bank, please visit our website at www.unitedbank.com. Member FDIC.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more. For more information about UB Community Development, visit our website at www.UBCommunityDevelopment.com.

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Project Address

9615 Old Highway 43
Creola, Alabama

Project Name

Creola City Hall
Creola, Alabama

Amount of Community Facilities Lending Funds

  • $375,000

Community Profiles

  • Population: 2,018
  • Unemployment: 4.7%
  • Median Household Income: $54,732
  • Poverty Rate: 16.1%

Community Impact

  • The funds will be used to purchase and renovate their leased 6,000-square-foot office facility.
  • The renovated facility will address several community and city needs with a multipurpose conference room for community and city meetings. City Hall will have expanded capacity, allowing for individual office space for the building inspector, mayor, city clerk and administrative staff.
  • Additional amenities will include public computer access to Creola citizens and an added public works department. The old city hall will also be repaired and become the permanent home of the police and fire staff.

Project Highlights

  • “We’re happy to support the City of Creola in this expansion that will result in improved efficiencies, expanded office space and enhanced services to their community,” said Alex Jones, President of UBCD. “By aligning resources and strategic city partnerships, the Community Facilities Lending funds have allowed the city to fulfill their objectives of improving public spaces in the City.”

Creola City Hall, a UB Community Development (UBCD) Community Facilities Lending Funds Success Story

UB Community Development, LLC (UBCD), a community development partner of United Bank, has provided $375,000 in Community Facilities Lending funds for the City of Creola city hall project. The funds will be used to purchase and renovate their leased 6,000-square-foot office facility.

“We’re happy to support the City of Creola in this expansion that will result in improved efficiencies, expanded office space and enhanced services to their community,” said Alex Jones, President of UBCD. “By aligning resources and strategic city partnerships, the Community Facilities Lending funds have allowed the city to fulfill their objectives of improving public spaces in the City.”

The City of Creola, located in North Mobile county, is a city on the move with a purpose-driven mission of welcoming new and existing residents to “come grow with us.” Established in 1978 with a current population of 2,018 and growing, the City’s existing space had fallen into disrepair with weakening structural concerns and the roof needing to be replaced. The City relocated to a leased space across from the existing facility on Old Highway 43 in downtown Creola, fueling the City’s revitalization efforts.

“I had a vision for our city, which is known as God’s Country and the Gateway to the Mobile River Delta,” said Mayor William Criswell. “It was time for a change. After leasing the Naheola Credit Union for three years, we knew we wanted to purchase the building and adjoining lots as it was centrally located, across from the city park, SAIL Center, and next door to the Creola Post Office. Chris Walker, from United Bank, worked diligently with us to obtain the $375,000 and make our dream come true and we greatly appreciate his dedication. Now we have a place to call home for our employees and citizens.”

The renovated facility has fulfilled several community and city needs. The facility has a multi-purpose conference room for community and city meetings. The once crammed city hall now has expanded capacity, allowing for individual office space for the building inspector, mayor, city clerk, and administrative staff. The facility is nestled on two acres, which accommodates future city growth projections. Additional amenities include public computer access to Creola citizens and an added public works department. The old city hall has also received a much-needed roof repair, and is now the permanent home to police and fire staff.

There have been several key benefits to the renovated space in the current pandemic environment. Due to existing structural capacity, such as drive-through capability and plexiglass barriers, the coronavirus has not constricted current operations but has supported an extension of a safe healthy operating environment.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more.

Since 2016, the U.S. Department of Treasury, through its New Markets Tax Credit Program, has awarded United Bancorporation of Alabama (OTCQX: UBAB), the parent corporation of United Bank and UBCD, $120 million in New Markets Tax Credit allocations. UBA, and subsequently UBCD, are the only community development entities (CDE) headquartered in Alabama to receive a NMTC allocation from Treasury in the last decade. This success was made possible largely because of United Bank’s designation as a Community Development Financial Institution (CDFI) and the organization’s unwavering commitment to its CDFI mission to bring positive and sustainable economic and quality-of-life improvements to underserved communities, not only in its traditional banking footprint, but throughout the entire states of Alabama and Florida.

Additionally, UBCD, as the community development management entity for UBA, manages a $40 million Community Facilities Lending Program, which provides accessible, low-cost capital to local government and nonprofits in rural areas. Finally, UBCD offers Community Housing Capital (CHC) investments as part of its commitment to strong inclusive neighborhoods and diverse housing opportunities. CHC investments are partly funded by Capital Magnet Fund (CMF) awards allocated through the US Department of Treasury. Since 2018, United Bank has been the recipient of two CMF awards totaling $10 million. Like the New Markets Tax Credit awards, UBCD is the only Alabama-based bank to receive and administer these programs.

Download the success story here.

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Project Address

504 Government Street
Mobile, Alabama

Project Name

Barton Academy
Mobile, Alabama

Amount of New Markets Tax Credit (NMTC)

  • $3.5 Million

Community Profiles

  • Population: 189,572
  • Unemployment: 3.6%
  • Median Household Income: $39,241
  • Poverty Rate: 22.4%

Community Impact

  • The rehabilitated 59,540-square-foot educational facility will serve up to 300 sixth to ninth grade students annually.
  • The project will create 50 direct construction jobs and 28 permanent full-time jobs, 18 of which are expected to be full-time teaching personnel.
  • Barton Academy for Advanced World Studies will provide a quality education while also accelerating the revitalization of the surrounding area and spurring economic growth in downtown Mobile.

Project Highlights

    • The total cost of the project is $17 million. In addition to the $3.5 million in NMTC funds, United Bank provided an additional $7.8
      million in financing. The project also received funds from a private capital campaign as well as Federal and Alabama State Historic Tax Credits. The Mobile County Board of School Commissioners earlier invested $4 million in exterior renovations to the historic building.

Barton Academy, a UB Community Development (UBCD) New Markets Tax Credit Success Story

UB Community Development, LLC (UBCD), a community development partner of United Bank, announced $3.5 million in New Markets Tax Credit (NMTC) funds, in conjunction with $7.8 million in financing provided by United Bank, as part of a $17 million project to renovate the historic Barton Academy Building into an internationally focused, public school within the Mobile County Public School System. In a show of support and commitment to this project, the Mobile County Board of School Commissioners earlier invested $4 million in exterior renovations to the historic building.

“The foundational mission of both UB Community Development and United Bank is building strong communities; this is our second project funded with New Markets Tax Credits in Mobile’s Downtown Historic District this year,” said Alex Jones, President of UB Community Development.

The project will create 50 direct construction jobs and 28 permanent full-time jobs, 18 of which are expected to be full-time teaching personnel. In addition to receiving NMTC funds, the project received funds from a private capital campaign as well as Federal and Alabama State Historic Tax Credits.

“The citizens of Mobile are excited to see Barton Academy return to its original use as a school, and I think they will be proud of the high-quality teaching and learning that is going to take place in this world-class school,” said Mobile County Public Schools Superintendent Chresal D. Threadgill.

Constructed in 1836, Barton Academy was the first public school in Alabama and is listed on the National Registry of Historic Places. The building has been vacant since 2007. In 2012, the Barton Academy Foundation was incorporated as a 501(c)(3) nonprofit organization to work with Mobile
County Public Schools to raise funds to restore the historic downtown school.

Elizabeth P. Stevens, President, Barton Academy Foundation said, “There are so many positive benefits to come from the school’s reopening. These include a grand learning environment, preparing students for a lifetime of work and service in a global environment, and revitalization of a state landmark and the downtown neighborhood in which it sits.”

The rehabilitated 59,540-square-foot facility will serve up to 300 middle school students annually, providing a full curriculum in all core subjects including science, technology, engineering, math (STEM), English and social studies with an emphasis on foreign languages, world geography and global economics.

Barton Academy for Advanced World Studies will provide a quality education for students in sixth to ninth grades while also accelerating the revitalization of the surrounding area and spurring economic growth in downtown Mobile. The school will engage with the community on an ongoing basis, establishing partnerships with international community organizations in addition to Mobile businesses and area arts organizations.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare,
education, manufacturing, public works, affordable housing and more.

Since 2016, the U.S. Department of Treasury, through its New Markets Tax Credit Program, has awarded United Bancorporation of Alabama (OTCQX: UBAB), the parent corporation of United Bank and UBCD, $120 million in New Markets Tax Credit allocations. UBA, and subsequently UBCD, are the only community development entities (CDE) headquartered in Alabama to receive a NMTC allocation from Treasury in the last decade. This success was made possible largely because of United Bank’s designation as a Community Development Financial Institution (CDFI) and the organization’s unwavering commitment to its CDFI mission to bring positive and sustainable economic and quality-of-life improvements to underserved communities, not only in its traditional banking footprint, but throughout the entire states of Alabama and Florida.

Additionally, UBCD, as the community development management entity for UBA, manages a $40 million Community Facilities Lending Program, which provides accessible, low-cost capital to local government and nonprofits in rural areas. Finally, UBCD offers Community Housing Capital (CHC) investments as part of its commitment to strong inclusive neighborhoods and diverse housing opportunities. CHC investments are partly funded by Capital Magnet Fund (CMF) awards allocated through the US Department of Treasury. Since 2018, United Bank has been the recipient of two CMF awards totaling $10 million. Like the New Markets Tax Credit awards, UBCD is the only Alabama-based bank to receive and administer these programs.

Download the success story here.

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UB Community Development Announces $375,000 Community Facilities Lending Funds for City of Creola City Hall Project

Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $375,000 in Community Facilities Lending funds for city of Creola city hall project. The funds will be used to purchase and renovate their leased 6,000 square foot office facility.

“We’re happy to support the city of Creola in this expansion that will result in improved efficiencies, expanded office space and enhanced services to their community,” said Alex Jones, President, UB Community Development “By aligning resources and strategic city partnerships, the Community Facilities Lending funds have allowed the city to fulfill their objectives of improving public spaces in the city.”

The city of Creola, located in North Mobile county, is a city on the move with a purpose driven mission of welcoming new and existing residents to “come grow with us.” Established in 1978 with a current population of 2,018 and growing, the city’s existing space had fallen into disrepair with weakening structural concerns and the roof needing to be replaced. The city relocated to a leased space across from the existing facility on Old Highway 43 in downtown Creola, fueling the city’s revitalization efforts. The space they’ve been leasing for more than three years will now become their new permanent home.

“As Mayor, I had a vision for our city, which is known as God’s Country and the Gateway to the Mobile River Delta.” said Mayor William Criswell. “It was time for a change. After leasing the Naheola Credit Union for three years, we knew we wanted to purchase the building and adjoining lots as it was centrally located, across from the city park, SAIL Center, and next door to the Creola Post Office. Chris Walker, from United Bank, worked diligently with us to obtain the $375,000 and make our dream come true and we greatly appreciate his dedication. Now we have a place to call home for our employees and citizens.”

The renovated facility has fulfilled several needs in the community and city. The facility has a multi-purpose conference room for community and city meetings. The once crammed city hall now has expanded capacity, allowing for individual office space for the building inspector, Mayor, city clerk, and administrative staff. The facility is nestled on two acres, which accommodates future city growth projections. Additional amenities include public computer access to Creola citizens and an added public works department. The old city hall has also received a much needed roof repair, which now is a permanent home to police and fire staff.

There have been several key benefits to the renovated space in the current pandemic environment. Due to existing structural capacity, such as a drive through capability and plexiglass barriers, the coronavirus has not constricted current operations but has supported an extension of a safe healthy operating environment.

For more information about UB Community Development, or for help with planning your next funding project, contact Alex Jones, President, UB Community Development at (251) 446-6017 or email alex.jones@unitedbank.com. For more information about United Bank, please contact Tonya Lambert,
SVP, Chief Marketing and Public Relations Officer, at (251) 446-6004 or email tonya.lambert@unitedbank.com.

# # #

About United Bank
United Bank is a $733,000,000 financial institution that has enjoyed 116 years of continuous service to Atmore, Alabama and surrounding communities. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort, Daphne, Summerdale and Semmes in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton, and Pace. For more information about United Bank, please visit our website at www.unitedbank.com. Member FDIC.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more. For more information about UB Community Development, visit our website at www.UBCommunityDevelopment.com.

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UB Community Development Announces $3.5 Million in New Markets Tax Credit Funds to Renovate and Transform Historic Barton Academy into Public School in Downtown Mobile

Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announces $3.5 million in New Markets Tax Credit (NMTC) funds, in conjunction with $7.8 million in financing provided by United Bank, as part of a $17 million project to renovate the historic Barton Academy Building into an internationally focused, public school within the system of Mobile County Public Schools. In a show of support and commitment to this project, the Mobile County Board of School Commissioners earlier invested $4 million in exterior renovations to the historic building.

“The foundational mission of both UB Community Development and United Bank is building strong communities; this is our second project funded with New Markets Tax Credits in Mobile’s Downtown Historic District this year.” said Alex Jones, President of UB Community Development. “We appreciate
the significance of preserving Alabama’s oldest public school, allowing students to experience a modern curriculum and learning conveniences in a historical environment.”

The project will create 50 direct construction jobs and 28 permanent full-time jobs, 18 of which are expected to be full-time teaching personnel. In addition to receiving NMTC funds, the project received funds from a private capital campaign as well as Federal and Alabama State Historic Tax Credits.

“We are very appreciative of our partnerships with UB Community Development and the Barton Academy Foundation to make the Barton Academy of Advanced World Studies a reality,” said Mobile County Public Schools Superintendent Chresal D. Threadgill. “The citizens of Mobile are excited to see Barton Academy return to its original use as a school, and I think they will be proud of the high-quality teaching and learning that is going to take place in this world-class school.”

Constructed in 1836, Barton Academy was the first public school in Alabama and is listed on the National Registry of Historic Places. The building has been vacant since 2007 when the school system relocated to West Mobile. In 2012, the Barton Academy Foundation was incorporated as a 501(c)(3) nonprofit organization to work with Mobile County Public Schools to raise funds to restore the historic downtown school into Barton Academy for Advanced World Studies.

“Reopening Barton Academy to children from throughout the school system has been the project of a lifetime for those of us serving on the Barton Academy Foundation,” said Elizabeth P. Stevens, President, Barton Academy Foundation. “There are so many positive benefits to come from the school’s reopening. These include a grand learning environment, preparing students for a lifetime of work and service in a global environment, and revitalization of a state landmark and the downtown neighborhood in which it sits. We are grateful to UB Community Development, LLC and United Bank for their partnership in this endeavor.”

Upon completion, the rehabilitated 59,540 square foot educational facility will serve up to 300 middle school students annually, providing a full curriculum in all core subjects including science, technology, engineering, math (STEM), English and social studies with an emphasis on foreign languages, world geography and global economics.

Barton Academy for Advanced World Studies will provide a quality education for students in sixth to ninth grades while also accelerating the revitalization of the surrounding area and spurring economic growth in downtown Mobile. The school will engage with the community on an ongoing basis, establishing partnerships with international community organizations in addition to Mobile businesses and area arts organizations. The insights and guidance from a broad range of businesses and professionally engaged citizens will be used to develop knowledge and skill objectives necessary for college and career readiness.

For more information about UB Community Development, or for help with planning your next funding project, contact Alex Jones, President, UB Community Development at (251) 446-6017 or email alex.jones@unitedbank.com. For more information about United Bank, please contact Tonya Lambert,
SVP, Chief Marketing and Public Relations Officer, at (251) 446-6004 or email tonya.lambert@unitedbank.com.

# # #

About United Bank
United Bank is a $733,000,000 financial institution that has enjoyed 116 years of continuous service to Atmore, Alabama and surrounding communities. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort, Daphne, Semmes, and Summerdale in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton, and Pace. For more information about United Bank, please visit our website at www.unitedbank.com. Member FDIC.

About UB Community Development
UB Community Development’s strong history and experience in New Markets Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for economic and community development. Through our NMTC projects, Community
Facilities Lending Program and Community Housing Capital Fund, UBCD is working with community development partners in the fields of healthcare, education, manufacturing, public works, affordable housing and more. For more information about UB Community Development, visit our website at
www.UBCommunityDevelopment.com.

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