UB Community Development

What UB Community Development does

UB Community Development, LLC (UBCD) is a privately held Alabama LLC and wholly-owned subsidiary of United Bancorporation of Alabama (OTCQX: UBAB), a $1.4 billion financial holding company that operates 19 United Bank branches across six counties in Southwest Alabama and Northwest Florida. Founded in 2016, UBCD is a federally certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE) and is the only Alabama-headquartered CDE to receive New Markets Tax Credit (NMTC) allocations from the U.S. Department of the Treasury in the past decade. The entity's purpose is to channel federal tax credits, loan capital, and grant programs into rural and low-income communities in the Southeast that are underserved by private investment.

UBCD operates four core funding products. New Markets Tax Credit (NMTC) financing leverages federal tax credits to attract private investment into qualifying low-income census tracts, generating fee and interest revenue on each transaction. Community Facilities Lending (CFL) provides long-term, fixed-rate loans of typically $330K to $2M to municipalities and nonprofits for public infrastructure such as sanitation facilities, fire stations, and public safety buildings. Community Housing Capital (CHC) provides flexible financing to affordable housing developers, with over $305M in development funds awarded across 100+ projects and 5,000+ housing units created. A Loan Fund extends smaller $100K-$4M loans, with up to 25% of funds at zero interest, to non-profits and small businesses that fall below standard NMTC size thresholds. The business model is principally fee- and interest-based, anchored on multi-year federal allocation cycles, and supported by tax credit investors such as Wells Fargo and the National Community Investment Fund.

UBCD serves project sponsors — including municipalities, counties, housing developers, healthcare systems, educational institutions, manufacturers, retailers, and small businesses — across Alabama, Mississippi, Louisiana, Florida, and Georgia. GTM is relationship-driven enterprise field sales: the team partners with economic development agencies, Main Street organizations, and United Bank's branch network to source deals, underwrites each project on a bespoke basis, and manages deployment and reporting through the seven-year NMTC compliance period. To date, UBCD has deployed over $1.3B across 100+ projects, created 3,500+ jobs, and received eight NMTC allocations totaling $500M+ plus $18M in Capital Magnet Fund awards since 2016.

Name

UB Community Development

Legal name

UB Community Development LLC

Website

https://ubcommunitydevelopment.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

UB Community Development is a private CDFI/CDE subsidiary of United Bancorporation of Alabama that deploys New Markets Tax Credits, Community Facilities Lending, Community Housing Capital, and a small-business Loan Fund to fund job creation, affordable housing, and community infrastructure across the rural Southeast.

Ownership category

akta.pro rank

Product category

Community Development Finance

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (9251), Grantmaking and Giving Services (81321)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), National Commercial Banks (6021)

akta.pro industry

PRIMARYBPAIANAE

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives)

Business & Public Services/Public Sector & Government Administration/Housing, Urban Planning & Community Development

SECONDARYBPADACAC

National Development Banks & State Development Finance Institutions (DFIs)

Business & Public Services/International Organizations & Development/International Financial Institutions & Development Banks

SECONDARYFSABAKAG

Housing & Urban Development Banks (Public)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Development & Public Sector Banking (DFIs, Postal/Savings Banks)

Keywords

• Community development financing
• New markets tax credits
• Community facilities lending
• Affordable housing capital
• Small business lending

Headquarters

HQ city

Atmore

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. New Markets Tax Credit Revenue: UBCD generates revenue through New Markets Tax Credit allocations from the U.S. Department of Treasury. They leverage these federal tax credits to attract private investment into low-income communities, earning fees and interest income from funded projects. In Q1 2026, NMTC revenues contributed $2.3 million to the parent company.
2. Community Facilities Lending: Long-term, fixed-rate financing for essential community facilities in rural areas. Revenue generated through interest on loans to public organizations, nonprofits, and federally recognized tribes.
3. Community Housing Capital: Flexible funding solutions for housing developers and investors to deliver affordable homes in economically challenged communities. Revenue through interest income and partnership fees.
4. Loan Fund: Loans between $100,000 to $4 million for non-profits and small businesses in low-income communities. Includes incentive of up to 25% of funds at zero interest as an economic development benefit. Revenue through interest and loan fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

UB Community Development is a federally certified Community Development Entity (CDE) and Community Development Financial Institution (CDFI) that channels federal New Markets Tax Credit (NMTC) allocations, Community Facilities Lending (CFL), Community Housing Capital (CHC), and a Loan Fund into rural and low-income communities across the Southeast U.S. The company deploys capital and creative financing structures for affordable housing, essential community facilities, small businesses, and economic development projects sponsored by municipalities, nonprofits, housing developers, and small businesses.

Product overview

UB Community Development operates as a financial services organization offering four distinct funding solutions: New Markets Tax Credit (NMTC) financing, Community Facilities Lending (CFL), Community Housing Capital (CHC), and a Loan Fund. These products work together to serve rural and low-income communities across Alabama, Florida, and the Southeast. NMTC financing leverages federal tax credits to attract private investment into underserved areas. CFL provides fixed-rate financing for essential community infrastructure. CHC delivers affordable housing solutions through partnerships with developers. The Loan Fund extends smaller NMTC-backed loans to small businesses that would typically not qualify for traditional NMTC projects due to size constraints.

Differentiator

Problem solved

Functional benefit

Products and services

• New Markets Tax Credit (NMTC) Financing
• Community Facilities Lending (CFL)
• Community Housing Capital (CHC)
• Loan Fund

Quantifiable outcome

• $1.3B+ in projects funded across the Southeast
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor.

• MBA Engineering, LLCminorStrategic or Co-development Partner · 1 January 2026$11M NMTC financing partnership to redevelop historic Wade Wood Building in Birmingham's Parkside District. MBA Engineers serves as anchor tenant occupying 11,000+ sq ft.
• BioActive ForagesminorStrategic or Co-development Partner · 1 January 2026$9M NMTC allocation for $35M facility in Madison County, FL producing alfalfa, perennial peanut, and sericea lespedeza pellets for animal feed, creating 62 jobs.
• University of North AlabamaminorStrategic or Co-development PartnerPartnership for West Village mixed-use development project in Florence, AL. University provides space for student entrepreneurship program and offers training and support for tenants and community members.
• Barton Academy FoundationminorStrategic or Co-development Partner501(c)(3) nonprofit organization working with Mobile County Public Schools to restore historic Barton Academy building into an internationally focused public school.
• Mobile County Public School SystemminorStrategic or Co-development PartnerPartner in Barton Academy renovation project; Mobile County Board of School Commissioners invested $4M in exterior renovations.
• Main Street MonroevilleminorStrategic or Co-development PartnerMain Street Monroeville group working to revive historic downtown area; instrumental in creating nearly 75 new jobs and founding/relocating 43 businesses.
• Burton Property GroupminorStrategic or Co-development PartnerPrivate regional commercial real estate firm developing Publix retail project in Baldwin County; recapitalized with SilverCap Partners.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Enterprise Community Partners: A national nonprofit combining affordable-housing development, community facility financing, and CDFI-style capital with substantial federal-program access. Comparable in mission and product breadth, with materially greater capital deployment.
• Local Initiatives Support Corporation (LISC): One of the largest national CDFIs, deploying NMTC, affordable-housing equity, and community-facility financing across thousands of communities. Overlaps with UBCD across multiple product lines but operates as a much broader, multi-strategy incumbent.

Direct peers

• TruFund Financial Services: A CDFI focused on small-business and community-development lending in low-income and minority communities across the South. Comparable to UBCD's Loan Fund and NMTC small-business product line and overlapping Gulf/Southeast footprint.
• Primary Care Development Corporation (PCDC): A CDFI that finances community health facilities in underserved areas using NMTC and structured debt. Directly comparable to UBCD's community facilities and healthcare NMTC deals (e.g., Monroe County Hospital, healthcare NMTC focus).
• Reinvestment Fund: A national, mission-driven CDFI that finances housing, community facilities, and commercial real estate in low-income communities, often using NMTC and CRA-aligned capital. Comparable to UBCD across product mix and target segments, though Reinvestment Fund operates at significantly greater scale.
• Hope Enterprise Corporation / Hope Credit Union: A CDFI and credit union serving Mississippi and the Mid-South with deep community-development lending, including NMTC deployment, small-business loans, and consumer financial services. Closely comparable to UBCD in geography, target market, and CDFI/bank-hybrid structure.
• Capital Impact Partners: A national CDFI that channels NMTC and other federal programs into affordable housing, healthcare facilities, and small businesses in distressed communities. Similar to UBCD in CDE/loan-fund structure and focus on community facilities and housing outcomes.
• Coastal Enterprises Inc (CEI): A Maine-based CDFI that deploys NMTC allocations, small-business loans, and community-facility financing to underserved communities. Most directly comparable to UBCD as a federally certified CDFI/CDE that pairs NMTC with parallel lending and housing programs targeting rural/low-income geographies.

Regional players

• Invest Atlanta (CDFI arm): Invest Atlanta operates a CDFI/CDE arm deploying NMTC and community-development capital into urban low-income areas in Georgia. Comparable CDE product line and overlapping Southeast geography, but urban-centric rather than rural-focused.
• Mountain Association for Community Economic Development: A regional CDFI serving Central Appalachia with small-business and community-facility loans in distressed rural counties. Analogous to UBCD's rural, low-income, Southeast-focused community-development model, though in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@UnitedBankAtmore
• LinkedInlinkedin.com/company/ub-community-development-a-community-development-partner-of-united-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UB Community Development