Google and Kroger Get Into LIHTC's.

Bloomberg News has story HERE. Note that Kroger is parent of Fred Meyers....

Google, whose motto is “Don’t Be Evil,” put $86 million into a tax-credit fund managed by a unit of U.S. Bancorp, which will direct equity to 480 affordable rental units in the West and Midwest, the Minneapolis-based bank said in an Aug. 30 statement. In a separate deal earlier this year, San Francisco- based UnionBanCal Corp. said it will manage and syndicate a $25 million investment from Google in projects in California.
 

Kroger Co., the largest U.S. grocery chain, invested about $40 million this year in a tax-credit fund, said Jack Casey, vice president at Meridian Investments Inc. in Potomac, Maryland, which has structured and helped sell $9 billion in affordable-housing transactions. Meridian tracks industry transactions. Meghan Glynn, a spokeswoman for Cincinnati-based Kroger, declined to comment. 

Originally created and posted on the Oregon Housing Blog.