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Chevron NMTC Fund, LLC
San Franscisco CACDFI Awards for Chevron NMTC Fund, LLC
NMTC (2005) - $20,000,000
Chevron NMTC Fund LLC (the Fund) will make investments in real estate projects that qualify for both the New Markets Tax Credit (NMTC) and the Historic Rehabilitation Tax Credit (HTC). These projects will consist of a variety of building types, including hotels, office space, retail, light industrial and mixed-use buildings ? primarily located in highly distressed low-income communities. The terms offered by the Fund will be significantly better than standard debt financing and non-tax advantaged equity investments and will result in a meaningful sharing of the benefits of the NMTC between the Fund and the businesses in which it invests. Through utilization of the NMTC, the Fund will serve low-income businesses that would otherwise not be able to meet the market-driven minimum investment criteria.
(0) - $0
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