Mascoma Community Development’s primary role is to help raise capital, facilitate loans and otherwise support community development. As a Community Development Entity (CDE), Mascoma Community Development makes use of New Markets Tax Credits (NMTC) to help fill financing gaps for development projects that benefit the residents of distressed communities. Although certified nationally, its primary service area is all of New England and New York State. When allocating NMTCs, priority is given to projects located in rural areas, as well as downtown redevelopment, business expansion and the opening of new businesses. Mascoma Savings Bank has been actively providing NMTC leverage loans to NMTC projects located within our service area of New Hampshire, Vermont and Maine, since 2008.
This institution is an equal opportunity provider.