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 (Through 2023)

36 projects
481,537,729 in NMTC allocation
1,131,272,242 total project financing
2,877 FTE jobs created or retained
6,267 construction jobs created
14 manufacturing businesses
5 federally qualified health centers

36

projects

$481,537,729

NMTC Allocation

$1,131,272,242

in total project financing

2,877

FTE jobs

6,267

construction jobs

5

federally qualified health centers

14

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

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.

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

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)

Biofuels, 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.

Center for Food Education

Birmingham,
AL
(2020)

Adult Education, College or Vocational Training, Community, Food Manufacturing, Manufacturing, Vocational Training

CDE(s): Hope Enterprise, TruFund

Financing for a multi-use facility that anchors Jones ValleyTeaching Farm and creates an inviting permanent infrastructure that will reach more students, teachers, and surrounding community members—locally, regionally, and nationally.

Westervelt Lumber

Thomasville,
AL
(2019)

Business Development, Manufacturing, Rural, Timber and Agriculture

CDE(s): Dakotas America, National New Markets Fund, Rural Development Partners, Truist

The $191.6 million facility will produce approximately 250 million board feet of pine lumber annually|taking advantage of the company’s nearby timberland and other facilities.

Projects Nearby the District

Birmingham, AL (2024)

Birmingham YMCA

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Projects Nearby the District

Birmingham, AL (2024)

Birmingham YMCA

View Details