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

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