FACTBOX-U.S. Treasury awards $1.5 bln tax credits

Wed May 27, 2009 12:51pm EDT

May 27 (Reuters) - The U.S. Treasury on Wednesday announced $1.5 billion in New Markets Tax Credit awards for 32 organizations planning investments in projects ranging from renewable energy facilities and charter schools to health care facilities and manufacturing firms.

Using resources made available by the Obama administration's $787 billion economic stimulus plan, the program provides tax credits to individual and corporate taxpayers who invest in projects around the country to create jobs, foster growth and jump-start lending.

Following are the entities receiving awards which are expected to result in investments being made in 33 states:

AHC Community Development LLC, Cleveland, Ohio, $55 million

Albina Equity Fund I LLC, Portland, Oregon, $10 million.

Bethany Square LLC, Santa Monica, California, $10 million.

California Urban Investment Fund LLC, Oakland, $20 million

Capital One Community Renewal Fund LLC, McLean, Virginia, $90 million

Capital Trust Agency Community Development Entity LLC, Gulf Breeze, Florida, $75 million

Capmark Community Development Fund LLC, Denver, $85 milllion

Carver Community Development Corp., New York, $65 million

CCG Community Partners LLC, Princeton, NJ, $20 million

Charter Facilities Funding LLC, Denver, $20 million

Chase New Markets Corp., New York, $85 million

Commercial and Industrial Community Development Enterprise LLC, Norwalk Connecticut, $85 million

Community Development Funding, Columbia, Maryland, $20 million

Empire State New Market Corp., New York, $30 million

Enterprise Corp. of the Delta, Jackson, Mississippi, $20 million

ESIC New Markets Partners LP, Columbia, Maryland, $95 million

Harbor Bankshares Corp., Baltimore, $50 million

Heartland Reanaissance Fund LLC, Little Rock, Arkansas, $55 million

Kitsap County NMTC Facilitators I LLC, Silverdale, Washington, $20 million

MetaMarkets OK LLC, Oklahoma City, Okoahoma, $25 million.

NCB Capital Impact, Arlington, Virginia, $90 million.

New Markets Redevelopment LLC, Oklahoma City, $50 million

Northeast Ohio Development Fund LLC, Cleveland, Ohio, $30 million

Opportunity Fund, San Jose, California, $35 million

Pacesetter CDE Inc, Richardson, Texa, $30 million

Rockland Trust Community Development Corp., Rockland, Massachusetts, $50 million

SBK New Markets Fund Inc., Chicago, $35 million

Solomon Hess Loan Fund LLC, McLean, Virginia, $50 million

Synovus/CB&T Community Reinvestment LLC, Columbus, Georgia, $50 million

Urban Development Fund LLC, Chicago, $65 million

Vermont Rural Ventures Inc., Burlington, Vermont, $30 million

Wayne County-Detroit CDE, Detroit, $50 million (Reporting by David Lawder; Editing by Kenneth Barry)

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