MMA Muni Mtg & Equ Llc

Six Solar Projects Cap Milestone Year for Renewable Energy Finance Powerhouse SAN FRANCISCO, Feb. 7 /PRNewswire-FirstCall/ -- MMA Renewable Ventures, LLC, a subsidiary of Municipal Mortgage & Equity, LLC ("MuniMae") (NYSE:MMA) today announced that it financed $39 million worth of new solar energy projects in the last quarter of 2006. MMA Renewable Ventures completed the year having financed six projects nationwide from its pipeline of more than eight MW of new renewable energy systems. "The six solar projects financed in 2006 illustrate our ability to manage sophisticated renewable energy deals to successful completion," said Matt Cheney, Chief Executive Officer of MMA Renewable Ventures. "The projects are diverse in terms of geographic location, regional incentives, technology deployment and end user requirements. One thing they have in common is an effective third-party finance solution tailored by MMA Renewable Ventures to fit their specific developer and customer needs." Located throughout California and New Jersey, the six mid- to large-scale photovoltaic systems financed in 2006 will deliver predictably priced electricity to three corporate and three municipal energy customers. MMA Renewable Ventures tailored both power purchase agreements (PPA) and lease arrangements to streamline financing for the projects. The third-party finance solutions removed the upfront cost to the customers, in turn accelerating business for MMA Renewable Ventures' solar developer and installer partners. "With $39 million worth of solar projects financed within the past three months, 2006 marked a milestone year for MuniMae's growing renewable energy business line," said Michael L. Falcone, Chief Executive Officer of MuniMae. "As the industry embarks on what is projected to be another significant growth year for renewable energy, MMA Renewable Ventures is well-positioned to increase the pace of its debt and equity financing." About MMA Renewable Ventures A wholly-owned subsidiary of MuniMae, MMA Renewable Ventures manages, operates and finances renewable energy assets in the United States. The Company provides customized financial solutions through leases and Power Purchase Agreements to build distributed clean energy generation plants. MMA Renewable Ventures is dedicated to delivering competitively priced, clean energy for customers, strong partnership options for project developers, and exceptional opportunities for institutional investment in the renewable energy sector. For more information about MMA Renewable Ventures, visit http://www.mmarenewableventures.com/ Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of such statements in this press release include our expectations of future investment sponsorships. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained. Factors that could cause actual results to differ materially from our expectations include completion of the audit of our financial statements, completion of pending investments, continued ability to originate new investments, the mix of business between tax-exempt and taxable activities, the availability and cost of capital for future investments, competition within the finance and real estate industries, economic conditions, loss experience and other risks detailed from time to time in our Securities and Exchange Commission filings. This press release does not constitute an offer to sell any securities of MuniMae or any other entity. DATASOURCE: MMA Renewable Ventures, LLC CONTACT: media, Rosalind Jackson of Antenna Group, +1-415-977-1923, , for MMA Renewable Ventures; or shareholders, Timothy J. Lordan, Vice President, Investor Relations of MuniMae, 1-888-788-3863 Web site: http://www.renewableventures.com/

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