This nationwide fund will target its equity investments towardthe revitalization of small neighborhood properties. The officialtitle is the Bank of America Historic Tax Credit Fund. The NationalTrust Community Investment Corp., a for-profit subsidiary ofNational Trust, will manage the fund.

Historic properties in urban, small town and rural areas,eligible for as little as $500,000 in federal and state historictax credits, will be targeted for investment. Developers using thefund will have access to Bank of America's full line of loan andequity products.

Smaller restoration projects have traditionally been overlookedby historic tax credit funds, according to Richard Moe, NationalTrust's president. Moe believes the program will allow communitiesto convert smaller white elephant-type properties into usable andprofitable premises.