Rockland Trust Community Development Corp. has been awarded $50 million in tax credit allocation authority under the federal New Markets Tax Credit Program.

U.S. Secretary of the Treasury Timothy Geithner made the announcement yesterday at a public ceremony in Roxbury. The 32 organizations that received the $1.5 billion of New Markets Tax Credit allocation authorized by the American Recovery and Reinvestment Act of 2009 were recognized at the ceremony.

Rockland Trust Community Development Corp., which is a wholly owned subsidiary of Rockland Trust Co., the bank subsidiary of Independent Bank Corp, was the only Massachusetts-based organization to receive an award.

In addition to Geithner, Congressman Barney Frank, Congressman Michael Capuano, Gov. Deval Patrick and Boston Mayor Thomas Menino spoke at the event.