The mission of Cahaba Community Development is to spur business and economic development, preserve and build community, and raise the quality of life in Alabama. We do this by providing:
- New Markets Tax Credit derived capital to qualified businesses or projects.
- Financial counseling and other advisory services.
Cahaba is the first-round allocatee of both Federal and State of Alabama New Market Tax Credits and is the only Alabama based Community Development Entity recipient of allocations Cahaba presently has four closed funds representing $64.52 million of allocation.
Our footprint is limited to the State of Alabama and focused on low-income census tracts where its capital and services can produce a meaningful impact on the community and enhance local and Alabama economic, cultural and heritage objectives.
We are an affiliate of Sloss Real Estate. Sloss has an extensive history of community development. A century ago, Sloss was one of Birmingham’s largest employers and developed some of the earliest workforce neighborhoods. Sloss continues its community development mission by combining Cahaba’s activities with its affordable housing, historic preservation, and healthy food initiatives.