United Bank Community Development

UBCD awarded $55 million in New Market Tax Credits
UB Community Development, LLC (UBCD), a community development partner of United Bank, announced the company has been awarded an allocation of $55M in New Market Tax Credits (NMTC). Through the NMTC program, the CDFI Fund allocates tax credit authority to Community Development Entities (CDEs) via a highly competitive application process. UBCD was one of 73 CDEs awarded an allocation. The NMTC program helps economically distressed communities attract private investment capital.…
UBCD announces creation of $7M loan fund
UB Community Development, LLC (UBCD) President, Alex Jones, announced the creation of a new $7 million New Market Tax Credit (NMTC) loan pool following the company’s successful funding of its previous $9M NMTC loan pool. The new $7M NMTC loan pool is designed to encourage small business growth and economic development across Alabama and the Florida Panhandle. UBCD partnered with community development partner, United Bank, to create the loan pool.…