Alabama Data and Stories

State Fact Sheet

Map of Selected Projects in Alabama

Community Testimonials

We have personally seen the impact that NMTCs can have on providing capital to projects in the rural communities we serve. Without them projects too numerous to mention would have struggled to come to fruition. You can see examples of these projects on our website: www.ubcommunitydevelopment.com.

-Alex Jones, United Bank, Atmore, Alabama

Selected Projects in Alabama

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.

Goodwill Easter Seals of the Gulf Coast

Mobile,
AL
(2013)

Adult Education, College or Vocational Training, Community, Goodwill, Vocational Training, Youth and Families

CDE(s): Urban Development Fund (Aries Capital)

Goodwill Easter Seals of the Gulf Coast is a nonprofit agency serving 12 counties in the Alabama-Florida Gulf Coast area.

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.

Waterfront Rescue Mission

Mobile,
AL
(2017)

Adult Education, Behavioral Health, College or Vocational Training, Community, Healthcare, Shelters and Community Food

CDE(s): Southern Community Capital

NMTC financing for the Waterfront Rescue Mission, a major expansion project.

Downtown Rescue Mission

Huntsville,
AL
(2016)

Behavioral Health, Community, Daycare and Early Childhood, Healthcare, Shelters and Community Food, Youth and Families, Youth Program

CDE(s): Urban Development Fund (Aries Capital)

The Building Hope project is a new construction of a 30,230 sq. ft. facility with both shelter and longer-term housing for 64 single adult women and 48 families.

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

Gulf Coast Seafood and Co-op

Bayou Labatre,
AL
(2011)

Disaster Recovery, Energy, Food Manufacturing, Katrina, Manufacturing, Solar

CDE(s): AMCREF Community Capital

Gulf Coast Agricultural and Seafood Co-Op, is a non-profit first-of-its-kind facility turning seafood processing waste into fertilizer.

Gulf Distributing Co. of Mobile

Mobile,
AL
(2024)

Manufacturing

CDE(s): Truist, United Bank of Alabama

Investment into manufacturer restores lost jobs and helps to revitalize distressed community.

Dadeville Pole Company

Dadeville,
AL
(2022)

Manufacturing

CDE(s): PB Community Impact Fund

UB Community Development, LLC (UBCD), a community development partner of United Bank, provided $7.5 million in New Markets Tax Credit funds for Dadeville Pole Company, LLC (DPC) to construct a

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

Alabama School of Mathematics & Science

Mobile,
AL
(2023)

Schools

CDE(s): PNC, United Bank of Alabama

Alabama School of Math and Science (ASMS), founded in 1989 by the state legislature, is the state’s only free, fully public, and residential high school for sophomores, juniors, and seniors

Site visits and recent news related to Alabama NMTC Projects

Rep. Sewell, colleagues introduce bipartisan New Markets Tax Credit Extension Act

April 11, 2023

UB Community Development Announces $13.5 Million in New Markets Tax Credit Funds to Globe Metallurgical, Inc.

January 31, 2023

$300,000 grant paves way for Mar-Jac Poultry expansion in northwest Alabama

July 30, 2017