About Mascoma Community Development

Mascoma Community Development (MCD) is a community development entity (CDE) – established in 2013, as a wholly-owned subsidiary of Mascoma Bank with the primary mission of community development utilizing the New Markets Tax Credit (NMTC) Program. The NMTC program allows MCD to direct capital to underserved communities through financing high-impact, mission-focused projects nationwide. MCD’s primary goals are to deploy tax credits into projects benefiting severely distressed, low-income communities and/or low-income persons that will promote:

  • Job retention and creation
  • Downtown revitalization
  • Business development and expansion
  • Additional catalytic development

The Community Development Financial Institutions Fund (CDFI Fund) has awarded MCD a total of $285 million in allocation authority since 2014. With NMTC allocation, MCD serves low-income communities nationally; however, its focus is on the low-income, rural communities throughout Northern New England.

MCD uses its NMTC resources to support investment in larger projects using the leverage structure. Projects are prioritized by demonstratable support from the community, by job creation and/or job retention, and by critical goods and services provided for low-income persons and communities.

In addition to NMTC investments, MCD often partners with its parent, Mascoma Bank in providing leverage loans to NMTC projects located within its service area of New Hampshire, Vermont and Maine. Mascoma Bank has been a leverage lender in multiple NMTC projects and has worked with multiple CDEs prior to MCD’s first allocation award. Since beginning its work as a NMTC leverage lender, Mascoma Bank has helped to generate more than 1,500 permanent and temporary jobs throughout New England, aligning well with Mascoma Bank’s B-Corp mission of doing good, as much as earning a profit.


“In accordance with federal law and the U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington D.C., 20220 or call (202) 622-1160.”