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