Birmingham YMCA

New Markets Tax Credit Coalition

Birmingham,
AL
(2024)

Birmingham YMCA

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

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

Gulf Coast Housing Partnership, Pathway Lending, PNC

Investor

PNC

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

Other Alabama Projects

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

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.

Auburn Research Park

Auburn,
AL
(2019)

Adult Education, Business Development, College or Vocational Training, Community, Daycare and Early Childhood, Incubator, Mixed-use, Nonprofit Hub, Research, Youth and Families

CDE(s): Truist, United Bank of Alabama

NMTC equity helped fund the construction of a 105,000-sq. ft. office building at Auburn University in Alabama.

Precision Engineering

Mobile,
AL
(2021)

Manufacturing

CDE(s): Southern Community Capital

Precision Engineering, Inc., has positioned itself as a regional leader in the industrial automation field. Founded in 1994 and headquartered in Mobile, Alabama, PEI has registered professional engineers in Alabama,