New Markets Tax Credit Coalition

  • Birmingham,
  • AL
  • (2024)

Birmingham YMCA

District: Terri Sewell (D-AL07)

Birmingham YMCA used NMTC allocation to renovate their existing sq. ft. Northeast Youth Center

Investment

  • NMTC Amount: $11,500,000
  • Total Project Cost: $12,615,144

IMPACT

  • 25 FTE jobs
  • 95 construction jobs

CDEs

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Investor

Project Description

In March of 2024, Pathway Lending, PNC, and Gulf Coast Housing Partnership closed on the Birmingham YMCA redevelopment project.

Birmingham YMCA used NMTC allocation to renovate their existing sq. ft. Northeast Youth Center into a full service YMCA; construct a 7,340 sq. ft. addition for Christ Health Center, a federally qualified health center; and construct roads and install utilities on a 5.6 acre plot of land allowing Habitat for Humanity of Greater Birmingham to construct 22 new single-family homes for low-income persons in Birmingham, AL.

MAP

Address: 628 Red Lane Rd, Birmingham, AL 35215

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