Projects

Project Address20815 Bishop RoadFairhope, AL 36532Project NameGraceway ApartmentsFairhope, AlabamaAmount of Capital Magnet Fund$550,000Community ProfilePopulation: 22,085Unemployment: 2.7%Poverty: 10.1%Household Median Income: $58,767Community ImpactGraceway is a 48-unit senior development with 44 one-bedroom units and 4 two-bedroom units. Eighteen units are reserved for households at or below 60 percent of the area median income and 30 units serve households [...]

Project Address 880 Old Sardine Road Flomaton, AL 36441 Project Name Escambia Peanut Company, LLC Flomaton, Alabama Amount of New Markets Tax Credit Funds $11.6 million Community Profile Population: 37,000 Unemployment: 6.5% Poverty: 24% Household Median Income: $35,000 Community Impact The farmer-members will use the NMTC funding to purchase new equipment, expand to existing [...]

Project Address 14809 Gates Avenue Magnolia Springs, AL 36555 Project Name Magnolia Springs Fire Department Magnolia Springs, Alabama Amount of Community Facilities Lending Funds $330,000 Community Profiles Population: 816 Poverty Rate: 8.4% Unemployment Rate: 3.6% Household Median Income: $55,759 Project Highlights The purchase of the new truck was funded by a $285,000 FEMA Assistance [...]

Project Address 1010 Douglas Avenue Brewton, AL 36426 Project Name City of Brewton and Brewton Development Authority Brewton, Alabama Amount of New Markets Tax Credits $8 Million Community Profiles Population: 5,200 Unemployment: 4.6% Median Household Income: $40,500 Poverty Rate: 26.1% Community Impact The funds will be used to support downtown redevelopment efforts, attracting and [...]

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. [...]

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. [...]

Project Address9615 Old Highway 43Creola, AlabamaProject NameCreola City HallCreola, AlabamaAmount of Community Facilities Lending Funds$375,000Community ProfilesPopulation: 2,018Unemployment: 4.7%Median Household Income: $54,732Poverty Rate: 16.1%Community ImpactThe 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 [...]

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 [...]

Project Address 632 Smith Road Albertville, AL 35951 Project Name Master Extrusion, LLC, an affiliate of ColorMasters, LLC Albertville, Alabama Amount of New Markets Tax Credit (NMTC) $7 Million Community Profiles Population: 21,392 Unemployment: 5.8% Household Median Income: $37,619 Poverty Rate: 28.7% Community Impact The project is expected to create 45 new jobs and provide [...]

Project Address 212 St. Joseph Street Mobile, Alabama 36602 Project Name Community Foundation of South Alabama Mobile, Alabama Amount of New Markets Tax Credit (NMTC) $3.5 Million About Community Foundation of South Alabama (CFSA) The CFSA is a nonprofit organization serving eight counties in Southwest Alabama which relies on private donations for organizational support. Since [...]