United Bank Awarded $9 Million Capital Magnet Fund Award by US Department of Treasury
United Bank (OTCQX: UBAB) has been awarded a $9 million Capital Magnet Fund grant from the U.S. Department of Treasury's CDFI Fund for 2024, marking their fifth such award since 2017. The funding will support affordable housing initiatives across Alabama, Florida, and surrounding states. The bank plans to utilize this award to develop or rehabilitate over 1,000 apartment homes, targeting rent-burdened families and senior adults in the Southeast region.
United Bank (OTCQX: UBAB) ha ricevuto un del CDFI Fund del Dipartimento del Tesoro degli Stati Uniti per il 2024, segnando il loro quinto premio di questo tipo dal 2017. Il finanziamento sosterrà iniziative per l'abitazione accessibile in Alabama, Florida e stati limitrofi. La banca intende utilizzare questo premio per sviluppare o riabilitare oltre 1.000 appartamenti, rivolgendo l'attenzione a famiglie con difficoltà economiche e adulti anziani nella regione sudorientale.
United Bank (OTCQX: UBAB) ha recibido una del Fondo CDFI del Departamento del Tesoro de EE. UU. para 2024, marcando su quinto premio de este tipo desde 2017. La financiación apoyará iniciativas de vivienda asequible en Alabama, Florida y estados cercanos. El banco planea utilizar este premio para desarrollar o rehabilitar más de 1,000 apartamentos, enfocándose en familias con problemas de alquiler y adultos mayores en la región sureste.
United Bank (OTCQX: UBAB)가 2024년을 위해 미국 재무부의 CDFI 펀드로부터 900만 달러의 캐피탈 매그넷 기금 보조금을 받았습니다. 이는 2017년 이후 다섯 번째 수상입니다. 이 자금은 앨라배마, 플로리다 및 주변 주에서 저렴한 주택 이니셔티브를 지원할 것입니다. 은행은 이 보조금을 사용하여 1,000개 이상의 아파트를 개발하거나 복구할 계획이며, 이는 동남부 지역의 임대 부담 가구와 노인들에게 초점을 맞추고 있습니다.
United Bank (OTCQX: UBAB) a reçu une subvention de 9 millions de dollars du Capital Magnet Fund du Fonds CDFI du Département du Trésor des États-Unis pour 2024, marquant leur cinquième prix de ce type depuis 2017. Ce financement soutiendra des initiatives de logement abordable en Alabama, en Floride et dans les États environnants. La banque prévoit d'utiliser cette subvention pour développer ou réhabiliter plus de 1 000 logements, ciblant les familles en difficulté locative et les adultes seniors dans la région sud-est.
United Bank (OTCQX: UBAB) hat einen 9 Millionen Dollar Zuschuss vom Capital Magnet Fund des CDFI Funds des U.S. Finanzministeriums für 2024 erhalten, was ihre fünfte Auszeichnung dieser Art seit 2017 darstellt. Die Finanzierung wird erschwingliche Wohninitiativen in Alabama, Florida und umliegenden Bundesstaaten unterstützen. Die Bank plant, diesen Zuschuss zu verwenden, um über 1.000 Apartments zu entwickeln oder zu rehabilitieren, wobei der Schwerpunkt auf mietenbelasteten Familien und älteren Erwachsenen in der Südostregion liegt.
- Secured $9 million in federal funding through Capital Magnet Fund award
- Plans to develop/rehabilitate over 1,000 apartment homes
- Demonstrates consistent success in securing federal grants (fifth award since 2017)
- None.
"The United Bank team is excited and grateful to receive our fifth CMF award since 2017. This award will allow us to continue our momentum in helping to increase affordable housing options to rent burdened families and senior adults in
The Capital Magnet Fund offers competitively awarded grants to CDFIs and nonprofit affordable housing organizations to finance affordable housing solutions and community revitalization efforts that benefit individuals and families with lower incomes and low-income communities nationwide.
About United Bank
United Bank is a
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SOURCE United Bank
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