{"id":561,"date":"2020-04-05T05:09:39","date_gmt":"2020-04-05T05:09:39","guid":{"rendered":"https:\/\/ubannual.flextestsite.com\/?page_id=561"},"modified":"2021-03-31T15:56:51","modified_gmt":"2021-03-31T15:56:51","slug":"community","status":"publish","type":"page","link":"https:\/\/united.redirontest.info\/2019\/community\/","title":{"rendered":"Community Projects"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\"  style='background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:120px;padding-right:10%;padding-bottom:120ox;padding-left:10%;'><div class=\"fusion-builder-row fusion-row \"><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-builder-column-0 fusion-one-full fusion-column-first fusion-column-last 1_1\"  style='margin-top:0px;margin-bottom:20px;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one half_width\" style=\"margin-top:0px;margin-bottom:31px;\"><h1 class=\"title-heading-left\" style=\"margin:0;\">WE&#8217;RE HERE FOR OUR COMMUNITY<\/h1><\/div><div class=\"fusion-text\"><p>UB Community Development is what really sets us apart. It&#8217;s what makes our story, our mission and our Company different from other banks and financial institutions.<\/p>\n<p>United Bank received its Community Development Financial Institution certification in 2010 after an exhaustive application process. One of the criteria for certification is that the applicant institution has \u201ca primary mission of promoting community development.\u201d And that is absolutely true for both United Bank and UB Community Development.<\/p>\n<p>Promoting community development isn&#8217;t a secondary mission to us, or one aspect of what we do. It is at the heart \u2013 it is the foundation \u2013 of what we do and who we are. Yes, we open accounts, cash checks and loan money. But ultimately, everything we do \u2013 day in and day out \u2013 is to further our mission of making our communities stronger.<\/p>\n<\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep sep-none\" style=\"margin-left: auto;margin-right: auto;margin-top:;\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-1 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">North Baldwin Utilities<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-3{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Community Facilities Lending<\/h4><\/div><div class=\"fusion-text\"><p>$3.1 Million Community Facilities Loan Package<\/p>\n<p>The funds will be used for the purchase of an estimated 9,400 automatic radio read water meters, two blowers at one of NBU&#8217;s wastewater treatment plants and the installation of an additional well.<\/p>\n<p>This new equipment will improve overall efficiency and allow NBU to continue to expand and serve more residents of Bay Minette, Stockton and Stapleton, Alabama.<\/p>\n<p>Established by the City of Bay Minette in 1945, NBU is a public utility providing water, wastewater and natural gas to the residents of North Baldwin County. NBU provides water to over 40,000 residents, natural gas service to 1,800 residential customers and nearly 400 industrial and commercial customers, and sanitary sewer service to most of the residents and businesses in Bay Minette.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-2 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Hueytown Fire Department<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-5{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Community Facilities Lending<\/h4><\/div><div class=\"fusion-text\"><p>$1 Million Community Facilities Loan Package<\/p>\n<p>The funds were used to purchase a new engine for the City&#8217;s fire department. Prior to the purchase of the new engine, the City&#8217;s existing fleet was a decade old, which is considered aging. This would impact the City&#8217;s response time, ability to extinguish fires and also the City&#8217;s insurance costs. The new engine provided a much-needed upgrade and had a widespread positive impact on public safety.<\/p>\n<p>The structure of the loan package allowed for the purchase of a new vehicle for the Batallion Chief as well. Because the new loan payments remained within budget, the City was able to purchase upgraded safety equipment for the department&#8217;s 33 firefighters.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-3 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Community Foundation of South Alabama<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-7{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">New Markets Tax Credit<\/h4><\/div><div class=\"fusion-text\"><p>$3.5 Million New Markets Tax Credit Allocation<\/p>\n<p>The funds will be used to construct a 6,900-square-foot office facility that will replace the current office in downtown Mobile, Alabama. The project is expected to create 26 temporary construction jobs and 6 permanent positions after completed. The new facility will be constructed on the same site as the CFSA&#8217;s existing building and allow the nonprofit to expand its operations and provide additional services, support and opportunity to residents and organizations in the eight counties it serves.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-4 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Abbeville Fiber Sawmill<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-9{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Partner Funded<\/h4><\/div><div class=\"fusion-text\"><p>$40 Million Partner Funded<\/p>\n<p>The Abbeville Fiber Sawmill represents a $40 million investment, the largest in the county&#8217;s history. The project received an $850,000 Community Development Block Grant awarded by the Henry County Commission to provide transportation construction assistance. The Henry County Commission and the City of Abbeville contributed $160,000 to the project as well.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-5 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Monroe County Hospital Emergency Room Expansion<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-11{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">New Markets Tax Credit<\/h4><\/div><div class=\"fusion-text\"><p>$5.9 Million New Markets Tax Credit Allocation<\/p>\n<p>The funds will be used to construct a 6,900-square-foot office facility that will replace the current office in downtown Mobile, Alabama. The project is expected to create 26 temporary construction jobs and 6 permanent positions after completed. The new facility will be constructed on the same site as the CFSA&#8217;s existing building and allow the nonprofit to expand its operations and provide additional services, support and opportunity to residents and organizations in the eight counties it serves.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-6 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-12 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Carillon Oaks Assisted Living and Memory Care<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-13{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-13 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">New Markets Tax Credit<\/h4><\/div><div class=\"fusion-text\"><p>$7 Million New Markets Tax Credit Allocation<\/p>\n<p>The funds will be used to renovate the beloved Cleburn County High School, which is listed on the National Register of Historic Places, to create Carillon Oaks Assisted Living and Memory Care. Total project cost is $13 million and is the first project in Alabama to combine Opportunity Zone, New Markets Tax Credits and Alabama&#8217;s Historic Rehabilitation Tax Credit programs for funding. When complete in 2020, the facility will have 39 assisted-living beds and 16 memory care beds.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-7 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-14 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">YMCA of South Alabama<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-15{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-15 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">New Markets Tax Credit<\/h4><\/div><div class=\"fusion-text\"><p>$2 Million New Markets Tax Credit Allocation<\/p>\n<p>With five locations serving Baldwin &amp; Mobile Counties, the non-profit YMCA of South Alabama currently has 20 full-time and 400 part-time employees. The mission-driven YMCA has three main areas of focus including youth development, healthy living and social responsibility. With more than 22,652 members and a childcare program serving more than 600, this organization is critical to many members of the communities it serves.<\/p>\n<p>The $2 million in funding for the YMCA of South Alabama came from a $6.5 million New Markets Tax Credit-funded loan and investment pool. The fund and its management are part of a collaboration of resources from UBCD and National Community Investment Fund (NCIF) to support local nonprofits and small businesses. This partnership marks the third project between UBCD and NCIF.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-8 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-16 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Sullivan&#8217;s Grocery Stores<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-17{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-17 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">New Markets Tax Credit<\/h4><\/div><div class=\"fusion-text\"><p>$7.5 Million New Markets Tax Credit Allocation<\/p>\n<p>The funds will be used for the renovation and expansion of six Sullivan&#8217;s grocery stores. The six stores are located in four communities which are considered food deserts, or areas with limited access to affordable, nutritious food.Giving local residents much-needed access to affordable, nutritious food will have a positive impact on the overall health and welfare of the community, as studies have shown living in a food desert can lead to obesity and poor health, particularly in preschool-age children. Sullivan&#8217;s Grocery stores are known for full-service meat departments and selling local produce.<\/p>\n<p>The predevelopment and construction associated with the 6 individual projects are expected to create approximately 57 direct, full-time jobs. Once completed, the 6 stores will create an estimated 57 full-time permanent jobs and 97 part-time jobs in the next seven years.<\/p>\n<p>The largest chunk of the funding will go to develop the two new stores in Brookhaven. The total cost of building, equipping, and stocking the new stores will be approximately $3.2 million. It&#8217;s estimated that the two stores will create 40 part-time and 70 full-time jobs over the next seven years.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-9 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-18 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Auburn Research Park<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-19{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-19 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">New Markets Tax Credit<\/h4><\/div><div class=\"fusion-text\"><p>$6.8 Million New Markets Tax Credit Allocation<\/p>\n<p>Funds will be used by the Auburn Research and Technology Foundation to build and develop the Research and Innovation Center. The focus of the Auburn Research Park and Innovation Center will be to connect the community with research-based capabilities and assets to help support entrepreneurial efforts as well as the growth of businesses of all sizes.<\/p>\n<p>The more than 10,000-square-foot center will house the Harbert College of Business Tiger Cage Accelerator, the Auburn Business Incubator, a caf\u00e9\/restaurant, and numerous commercial clients. Auburn University&#8217;s Vice President of Research and Economic Development will also be located in the new center.<\/p>\n<p>Tenants in the Research and Innovation Center will expand professional economic development support services to the city, state and region.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-10 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-20 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Estates at Kendal Apartments<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-21{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-21 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Capital Magnet Funds<\/h4><\/div><div class=\"fusion-text\"><p>56 Unit Affordable Multi-Family Housing<\/p>\n<p>The Estates at Kendal Apartments is a 56-unit, affordable multi-family project in Clanton, Alabama. UB Community Development and United Bank provided Capital Magnet Funds to National Affordable Housing Preservation Associates and Vantage Development to be used as supplemental funds for construction. United Bank also provided additional construction funding to the project.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-11 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-22 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Hamilton Home Builders<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-23{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-23 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">New Markets Tax Credit<\/h4><\/div><div class=\"fusion-text\"><p>$8 Million New Markets Tax Credit Allocation<\/p>\n<p>The funds will be used to renovate, update and reopen Hamilton Homebuilder&#8217;s manufacturing facilities in Hamilton and Double Springs. The project is expected to generate more than 275 jobs.<\/p>\n<p>Traditional financing to update and reopen the two facilities was not an option due to the rural location and nature of the equipment. Without the NMTC funds, Hamilton Homebuilders would not have been able to make the necessary updates required to resume production at either location.<\/p>\n<p>The two manufacturing locations were built in the 1970s and have been closed for five years as the owner determined whether the facilities would be updated.<\/p>\n<p>Updating and refurbishing the Hamilton facility, which is 211,000 square feet, will be $3.7 million. The Double Springs facility, which is 158,300 square feet will cost $4.1 million to bring up to modern production standards. At both facilities, investments will be made in technology and infrastructure, which includes sprinklers, plumbing, sewage and ventilation.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-12 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-24 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Village at Rock Springs Apartments<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-25{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-25 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Capital Magnet Funds<\/h4><\/div><div class=\"fusion-text\"><p>$3 Million Provided by United Bank<br \/>\n$175,000 from Capital Magnet Fund Award<\/p>\n<p>The Village at Rock Springs Apartments is a 56-unit, affordable multi-family project in Moody, Alabama. United Bank provided Capital Magnet Funds to the Community Action Partnership of North Alabama and The Bennett Group to be used as supplemental funds for the project. United Bank also provided additional partnered funding as a participant in the construction of the facility.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-13 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-26 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Trinity Lakes<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-27{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-27 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Capital Magnet Funds<\/h4><\/div><div class=\"fusion-text\"><p>$2 Million Provided by United Bank<br \/>\n$150,000 from Capital Magnet Fund Award<\/p>\n<p>United Bank used Capital Magnet Funds to invest in affordable housing at Trinity Lakes.<\/p>\n<p>United Bank provided $150,000 in Capital Magnet Funds to The Bennett Group to be used as supplemental funds for the construction of Trinity Lake Apartments, a 56-unit, affordable multi-family project in Smiths Station, Alabama. United Bank also provided $2 million in additional funding as a partner in the construction of the facility.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-14 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-28 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Village at Bridge Creek<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-29{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-29 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Capital Magnet Funds<\/h4><\/div><div class=\"fusion-text\"><p>$3 Million Provided by United Bank<br \/>\n$175,000 from Capital Magnet Fund Award<\/p>\n<p>Funds are for the construction of Village at Bridge Creek Apartments, a 56-unit affordable seniors multi-family project to be built in Cullman, Alabama. Funding for this loan was made possible due to the Bank&#8217;s 2018 Capital Magnet Fund award. United Bank also provided $3 million in additional funding as a participant in the construction of the facility.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-15 fusion-one-half fusion-column-first 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-30 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Nathan Ridge Apartments<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-31{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-31 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Capital Magnet Funds<\/h4><\/div><div class=\"fusion-text\"><p>$3.6 Million Provided by United Bank<br \/>\n$275,000 from Capital Magnet Fund Award<\/p>\n<p>Financing is for the construction of Nathan Ridge Apartments, a 56-unit affordable seniors multi-family project to be built in Wetumpka, Alabama. United Bank is also providing $3.6 million in additional funding as a participant in the construction of the facility.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-builder-column-16 fusion-one-half fusion-column-last 1_2\"  style='margin-top:0px;margin-bottom:20px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-32 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-left\" style=\"margin:0;\">Graceway Apartments<\/h3><\/div><style type=\"text\/css\">@media only screen and (max-width:1000px) {.fusion-title.fusion-title-33{margin-top:0px!important;margin-bottom:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-33 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"margin-top:0px;margin-bottom:0px;\"><h4 class=\"title-heading-left\" style=\"margin:0;\">Capital Magnet Funds<\/h4><\/div><div class=\"fusion-text\"><p>$3.3 Million Provided by United Bank<br \/>\n$550,000 from Capital Magnet Fund Award<\/p>\n<p>United Bank used Capital Magnet Funds to invest in Graceway Apartments. United Bank provided $550,000 in secondary financing to The Morrow Companies for the construction of Graceway Apartments, a 48-unit affordable, multi-family project for seniors to be built in Fairhope, Alabama. A substantial portion of the funding is from United Bank&#8217;s 2018 Capital Magnet Fund Award managed by UB Community Development. United Bank is also providing $3.3 million in additional funding as a participant in the construction of the facility.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-builder-column-17 fusion-one-full fusion-column-first fusion-column-last 1_1\"  style='margin-top:0px;margin-bottom:20px;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep sep-none\" style=\"margin-left: auto;margin-right: auto;margin-top:;\"><\/div><div class=\"share-box fusion-sharing-box boxed-icons\" style=\"background-color:#f4f4f4;\" data-title=\"Community Projects\" data-description=\"WE&#039;RE HERE FOR OUR COMMUNITY UB Community Development is what really sets us apart. It&#039;s what makes our story, our mission and our Company different from other banks and financial institutions.\r\n\r\nUnited Bank received its Community Development Financial Institution certification in 2010 after an exhaustive application process. One of the criteria for certification is that the\" data-link=\"https:\/\/united.redirontest.info\/2019\/community\/\"><h4 class=\"tagline\" style=\"color:#004a6a;\">Share This Story, Choose Your Platform!<\/h4><div class=\"fusion-social-networks boxed-icons\"><a class=\"fusion-social-network-icon fusion-tooltip fusion-facebook fusion-icon-facebook\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Funited.redirontest.info%2F2019%2Fcommunity%2F&amp;t=Community%20Projects\" target=\"_blank\" style=\"color:#ffffff;background-color:#1e4967;border-color:#1e4967;border-radius:5px;\" data-placement=\"top\" data-title=\"Facebook\" title=\"Facebook\" aria-label=\"Facebook\" data-toggle=\"tooltip\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-twitter fusion-icon-twitter\" href=\"https:\/\/twitter.com\/share?text=Community%20Projects&amp;url=https%3A%2F%2Funited.redirontest.info%2F2019%2Fcommunity%2F\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"color:#ffffff;background-color:#1e4967;border-color:#1e4967;border-radius:5px;\" data-placement=\"top\" data-title=\"Twitter\" title=\"Twitter\" aria-label=\"Twitter\" data-toggle=\"tooltip\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-linkedin fusion-icon-linkedin\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=https%3A%2F%2Funited.redirontest.info%2F2019%2Fcommunity%2F&amp;title=Community%20Projects&amp;summary=WE%26%2339%3BRE%20HERE%20FOR%20OUR%20COMMUNITY%20UB%20Community%20Development%20is%20what%20really%20sets%20us%20apart.%20It%26%2339%3Bs%20what%20makes%20our%20story%2C%20our%20mission%20and%20our%20Company%20different%20from%20other%20banks%20and%20financial%20institutions.%0D%0A%0D%0AUnited%20Bank%20received%20its%20Community%20Development%20Financial%20Institution%20certification%20in%202010%20after%20an%20exhaustive%20application%20process.%20One%20of%20the%20criteria%20for%20certification%20is%20that%20the\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"color:#ffffff;background-color:#1e4967;border-color:#1e4967;border-radius:5px;\" data-placement=\"top\" data-title=\"LinkedIn\" title=\"LinkedIn\" aria-label=\"LinkedIn\" data-toggle=\"tooltip\"><\/a><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"_links":{"self":[{"href":"https:\/\/united.redirontest.info\/2019\/wp-json\/wp\/v2\/pages\/561"}],"collection":[{"href":"https:\/\/united.redirontest.info\/2019\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/united.redirontest.info\/2019\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/united.redirontest.info\/2019\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/united.redirontest.info\/2019\/wp-json\/wp\/v2\/comments?post=561"}],"version-history":[{"count":0,"href":"https:\/\/united.redirontest.info\/2019\/wp-json\/wp\/v2\/pages\/561\/revisions"}],"wp:attachment":[{"href":"https:\/\/united.redirontest.info\/2019\/wp-json\/wp\/v2\/media?parent=561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}