Robert Aderholt (R-AL04)

Impact in the District

Between 2005 and 2023, there was $1.1 billion in total lending from CDFI Fund award recipients, including $302.7 million in loans to businesses and entrepreneurs, $466.5 million in housing development and mortgage lending, $62.7 million in consumer lending, $218.7 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Hamilton Homebuilders
UB Community Development, LLC, a community development partner of United Bank, has provided $8 million funding for Hamilton Homebuilders to update and reopen manufacturing facilities in Hamilton and Double Springs, Alabama.
Master Extrusion Llc Affiliate Of Colormasters Llc
UB Community Development, LLC, a community development partner of United Bank, has provided $7 million as part of $10 million in financing for the acquisition and installation of multiple new extruder machines at Master Extrusion, LLC’s existing facility in Albertville, Alabama. Master Extrusion, LLC is an affiliate of ColorMasters, LLC.
North Baldwin Utilities
UB Community Development, LLC, a community development partner of United Bank, has announced $3,100,000.00 in Community Facilities Lending funds designated to North Baldwin Utilities (NBU) for the purchase of an estimated 9,400 automatic radio read water meters, two blowers at one of NBU’s wastewater treatment plants and the installation of an additional well. Community Bank Lender Chris Walker helped secure financing for the project.
Realtymasters
UB Community Development, LLC, a community development partner of United Bank, allocated $7 million as part of a $14 million railyard facility at Realty Masters, LLC, an affiliate of ColorMasters, LLC in Albertville, Alabama. UBCD assisted in sourcing an additional $7 million in New Markets Tax Credits from contributing partnerships.
Sheneka Frieson: Romares Apparel
Sheneka Frieson, having earned her business management degree from Huntington College, initially pursued a career in corporate America
CDFIs with Branches in the District
Bank of Vernon
Bank of Vernon
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
Citizens Bank & Trust
Citizens Bank & Trust

Map of CDFI Branches and Stories in

Alabama Fact Sheet