Projects

Project Location Downtown Monroeville Project Name Downtown Monroeville Monroeville, Alabama Amount of New Markets Tax Credit Funds $5 Million Community Profile Population: 5,655 Poverty Rate: 24.81% Unemployment Rate: 5.1% (Monroe County) Household Median Income: $53,308 Project Highlights NMTC funds have been used to restore nine historic buildings in the heart of downtown Monroeville. The [...]

Project Address 1360 Brickyard Road Chipley, FL 32428 Project Name Northwest Florida Community Hospital Chipley, Florida Amount of New Markets Tax Credit Funds $9 Million Community Profile Population: 3,599 Poverty Rate: 22.3% Unemployment Rate: 4.80% Household Median Income: $35,660 Project Highlights The project will add an additional 14,000-square-foot facility and offer inpatient and outpatient surgical [...]

Project Address 1255 Dauphin Street Mobile, AL 36604 Project Name Wilson Science Research Center at the Alabama School of Math and Science (ASMS) Mobile, Alabama Amount of New Markets Tax Credit Funds $12.5 Million Community Profile Population: 411,411 Poverty Rate: 18.2% Unemployment Rate: 2.90% Household Median Income: $51,169 Project Highlights The new 32,000-square-foot science [...]

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 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: [...]

Project Address 545 Main Street Montevallo, AL 35115 Project Name City of Montevallo Montevallo, Alabama Amount of Community Facilities Lending Funds $2,050,000 Community Profile Population: 6,645 Unemployment: 2.1% Poverty: 20.1% Household Median Income: $41,720 Community Impact The City is renovating the old building and has secured a brewery, two restaurants and a bike-sharing program [...]

Project Address 406 Medical Park Drive Atmore, AL 36502 Project Name ACH Urgent Care Atmore, Alabama Amount of Community Facilities Lending Funds $3.5 Million Community Profile Population: 9,749 Unemployment: 3.6% Poverty: 32.2% Household Median Income: $25,955 Community Impact The new Urgent Care Clinic will provide currently underserved Escambia County residents with expanded hours, convenient walk-in [...]