Terri Sewell (D-AL07)

Tax Staffer: Patrick O’Connor, patrick.oconnor@mail.house.gov.

"
In Alabama’s 7th Congressional District, we have seen firsthand the power of the New Markets Tax Credit to spur investment and incentivize economic growth in some of our most vulnerable and underserved communities. The New Markets Tax Credit remains a critical tool to promote job creation and provide opportunities to those who need them most. We must ensure that this tool is made a permanent part of our tax code.
"

-Terri Sewell (D-AL07)

District Highlights

40 projects
539,681,229 in NMTC allocation
1,227,048,272 total project financing
2,999 FTE jobs created or retained
6,549 construction jobs created
15 manufacturing businesses

40

projects

$539,681,229

NMTC Allocation

$1,227,048,272

in total project financing

2,999

FTE jobs

6,549

construction jobs

15

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Salvation Army Center of Hope

Birmingham,
AL
(2016)

Adult Education, College or Vocational Training, Community, Healthcare, Mixed-use, Nonprofit Hub, Salvation Army, Shelters and Community Food, Veterans Services

CDE(s): AMCREF Community Capital, Dudley Ventures, MBS Urban Initiatives

A new transitional housing facility combines workforce development, meals, and other educational programs.

1917 Clinic at Dewberry and the Magic City Wellness Center

Birmingham,
AL
(2022)

FQHCs, Nonprofit Hub

CDE(s): CCG Community Partners, Gulf Coast Housing Partnership, USBCDE

This transaction will provide additional benefit to a multi-tenant health care and wellness facility serving low-income, uninsured, and under-insured people living with HIV/AIDS in Birmingham, AL. The 80,000 s.f. facility

Colclasure Enterprises, LLC

Selma,
AL
(2024)

Manufacturing and Industrial

CDE(s): United Bank of Alabama

A pipe manufacturing plant expanded operations and brought skilled jobs to Selma, AL

Birmingham YMCA

Birmingham,
AL
(2024)

Affordable Housing, Community, FQHCs, Habitat for Humanity, Healthcare, Housing, Recreation, YMCAs and YWCAs, Youth and Families, Youth Program

CDE(s): Gulf Coast Housing Partnership, Pathway Lending, PNC

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

University Charter School

Livingston,
AL
(2023)

Healthcare, Schools

CDE(s): PNC, TruFund, United Bank of Alabama, United Fund Advisors

Opened in 2018, UCS is a non-profit PreK-12 charter school in Livingston, Alabama. This small town is anchored by the University of Western Alabama (UWA), and the school currently shares

Nextec

Birmingham,
AL
(2022)

Historic Rehabilitation, Incubator

CDE(s): Dudley Ventures, United Bank of Alabama

Renovation and restoration of the vacant 47,000 sq. ft. 90-year old historic Edwards Motor Company building.

HarbisonWalker International Plant

Fairfield,
AL
(2022)

Manufacturing

CDE(s): United Bank of Alabama

The project at Fairfield will include the removal of antiquated equipment and installation of new, modernized manufacturing equipment. The current plant configuration and equipment are not setup for use in

Globe Metallurgical, Inc.

Selma,
AL
(2023)

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Plastics and Chemicals, Tech Manufacturing

CDE(s): United Bank of Alabama

$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama

Greater Birmingham Habitat for Humanity, Inc.

Birmingham,
AL
(2010)

Affordable Housing, Katrina

CDE(s): Habitat for Humanity

Construction of 122 affordable single-family homes for Habitat for Humanity in an area that suffered from extensive damage from Katrina.

Enviva Pellets

Epes,
AL
(2022)

Manufacturing

CDE(s): PB Community Impact Fund, United Bank of Alabama

The building of the world’s largest wood pellet plant in Epes, Alabama. Enviva is the largest producer of industrial wood pellets, a renewable energy alternative to fossil fuels. Enviva’s sustainable

Woodlawn/I3 Academy Charter School

Birmingham,
AL
(2020)

Behavioral Health, Community, Dental Services, Healthcare, Schools

CDE(s): Raza Development Fund

The rehabilitation and new construction of a public charter elementary school.

Community Foundation of South Alabama

Mobile,
AL
(2020)

Community

CDE(s): United Bank of Alabama

Construction of a 6,919 sq. ft. office facility that provides convening space for agencies, businesses, and community leaders to meet and address issues.

Projects Nearby the District

Birmingham, AL (2024)

Birmingham YMCA

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Projects Nearby the District

Birmingham, AL (2024)

Birmingham YMCA

View Details