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Community Housing Capital

United Bank - Atmore, Alabama

2020 Community Commitment Awards Submission

  • Entry Category: Affordable Housing
  • Asset Size: Small

Since its founding in 1904, United Bank has worked to serve the needs of its community. From its early agricultural roots, United Bank has continually developed its role as a dynamic financing partner, committed to utilizing an array of products and approaches that address market gaps. In 2018, United Bank received its first award of Capital Magnet Funds from the U.S. Treasury which launched the creation of the bank's Community Housing Capital program. Focused on affordable housing, Community Housing Capital provides critical soft financing which allows developers to create and preserve multifamily housing units for low and moderate-income individuals and families. United Bank also provides construction financing for these developments, furthering our commitment to strong and diverse communities where people can find quality affordable places to call home. United Bank is a certified Community Development Financial Institution (CDFI), and this allows the bank to access funding which can be strategically leveraged with the bank's own resources to create catalytic impact in communities throughout the region. Capitalizing on new and emerging industry relationships, United Bank understands the dynamic environment of affordable housing and seeks to be a nimble lender who can provide the critical financing that makes developments possible. The Community Housing Capital program has quickly established United Bank as a key financing partner for affordable housing in Alabama.