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Hamilton, AL (2019)

Hamilton Home Builders

This project supported a company which assembles and produces manufactured homes for sale throughout the Southern U.S.

Investment

  • NMTC Amount: $3,750,000
  • Total Project Cost: $3,840,475

IMPACT

  • 250 FTE jobs
  • 25 construction jobs
  • 211,000 sq. ft. of real estate

Investor

Project Description

Hamilton Homebuilders is a leading manufactured home builder committed to building homes with quality craftsmanship and modern comfort. The NMTC funding will be used to update, refurbish, and reopen two manufacturing locations. The facility in Hamilton, AL was originally constructed in the early 1970s and was closed for over five years while the owner determined if it would be feasible to refurbish and reopen the facility in a manner to support its operations. The NMTC funding will allow Hamilton Homebuilders to make the necessary investments in the facility to meet modern production requirements. Given the rural location and specialty nature of the equipment, traditional financing was not a viable option to complete the scope of the project. Without the NMTC funds, the company would have been unable to make the necessary investments in technology and infrastructure (sprinklers, ventilation, plumbing, and sewage) to bring the facility to an optimal working capacity.

MAP

Address: 330 Buccaneer Street, Hamilton, AL 35570

Census Tract: 1093964400

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