Effective January 1, 2002

The following new Renewal Communities (RCs) will receive regulatory relief and tax breaks to help local businesses provide more jobs and promote community revitalization.

The designated Renewal Communities are:

Alabama:       Mobile, AL, Greene and Sumter Counties, and Nine counties in Southern Alabama (Butler, Conecuh, Dallas, Hale, Lowndes, Marengo, Monroe, Perry, and Wilcox)

California:     Los Angeles, Orange Cove, Parlier, San Diego, and San Francisco

Georgia:         Atlanta (Fulton and De Kalb Counties)

Illinois:            Chicago

Kentucky:      Four counties in Eastern Kentucky (Breathitt, Lee, Wolfe and Owsley)

Louisiana:      14 parishes in Northern Louisiana (Claiborne, Union, Morehouse, Webster, Lincoln, West Carroll, Bienville, Jackson, Richland, Red River, De Soto, Winn, Caldwell, and Franklin); New Orleans (New Orleans and Jefferson Parishes); Ouachita Parish; 11 parishes in Central Louisiana (La Salle, Tensas, Natchitoches, Sabine, Grant, Catahoula, Vernon, Rapides, Concordia, Beauregard and Avoyelles)

Massachusetts: Lawrence and Lowell

Michigan:       Detroit and Flint

Mississippi:     13 counties in West-Central Mississippi (Adams, Attala, Claiborne, Copiah, Hinds, Holmes, Humphreys, Jefferson, Lake, Madison, Warren, Washington and Yazoo)

New Jersey:   Camden and Newark

New York:     Buffalo-Lackawanna, Jamestown, Niagara Falls, Rochester, & Schenectady

North Dakota: Turtle Mountain Band of Chippewa

Ohio:               Hamilton and Youngstown

Pennsylvania: Philadelphia

South Carolina: Charleston

Tennessee:      Chattanooga and Memphis

Texas:             Corpus Christi and El Paso County

Washington:  Yakima and Tacoma

Vermont:        Burlington

An estimated $6 billion communities, Renewal Communities will also be eligible to share in an additional $11 billion Low-Income Housing and New Market Tax Credits.