MCD Projects

Burlington, Vermont

An acquisition and renovation of real estate providing long-term affordability to an important arts program for the City of Burlington, which seeks to nurture creativity and imagination through the arts.  Financing was provided from a Mascoma Community Development NMTC loan pool fund.

Bennington, Vermont

A $31 million revitalization of the historic Putnam Block that will transform and bring to life three dormant, historic multi-use buildings in the heart of downtown Bennington. Mascoma Community Development provided $4,400,000 in NMTC allocation and Mascoma Bank provided the leverage debt.

Concord, New Hampshire

A mixed-use redevelopment project in downtown Concord, NH spanning over 3 historic buildings. Mascoma Community Development provided $13 million in NMTC allocation which resulted in catalytic downtown improvements. Leverage debt financing was provided by Mascoma Bank.

Keene, New Hampshire

A downtown redevelopment project involving the purchase, renovation and re-purpose of the historic Heberton Hall building into a technological and creative community facility in rural southwestern New Hampshire. Mascoma Community Development provided $13,000,000 in NMTC allocation and Mascoma Bank provided the leverage debt.

Burlington, Vermont

The acquisition of equipment and fit-up of a 6,000-square foot retail space, to provide access to healthy foods in Burlington’s Old North End, a distressed community which was lacking a walkable grocery store option for many years.  Financing was provided from a Mascoma Community Development NMTC loan pool fund.

Concord, New Hampshire

A downtown redevelopment project utilizing New Markets Tax Credits for the purchase and rehabilitation of the historic Concord Theatre building. This performing arts and entertainment center opened in 2019. Mascoma Community Development provided $5,400,000 in NMTC allocation.

Elmira, Michigan

Purchase of new equipment for a newly constructed 350,000-square foot cast iron foundry.  The $15,000,000 NMTC allocation provided by Mascoma Community Development allowed for the retention and creation of quality manufacturing jobs.

St. Johnsbury, Vermont

Renovation and relocation of two car dealerships, and an acquisition of a distribution facility to be operated as a third dealership. Mascoma Community Development provided $11,900,000 in NMTC allocation which resulted in job creation in a rural area. Leverage debt was provided by Mascoma Bank.

Montpelier, Vermont

A renovation of the Vermont College of Fine Arts’ campus to strengthen itself as a national center for graduate fine arts education.  The project utilized New Markets Tax Credits with leverage debt financing provided by Mascoma Bank.

Concord, New Hampshire

Purchase and tenant fit-up of a 43,000-square feet office building located in downtown Concord. The use of NMTCs allowed for below-market rents to continue to be offered to the for-profit and non-profit tenants. Financing of $2,000,000 was provided from a Mascoma Community Development NMTC loan pool fund.

Jamestown, New York

Significant downtown revitalization and ancillary community development derived from the rehabilitation and expansion of historic buildings that are now the home of the National Comedy Center. Mascoma Community Development provided $5,000,000 in NMTC allocation.

Middlebury, Vermont

Purchase and installation of cheese production equipment in a rural manufacturing plant utilizing New Markets Tax Credits. Total allocation was $10,000,000 provided by Mascoma Community Development.

Berlin, New Hampshire

Acquisition and expansion of a 49,016-square foot steel fabrication/manufacturing facility, including the purchase of highly specialized equipment, utilizing New Markets Tax Credits. Mascoma Bank provided leverage debt and a Mascoma Community Development provided $10,000,000 in NMTC Allocation.

Littleton, New Hampshire

Business expansion and job creation of a 22,237-square foot retail food cooperative market utilizing New Markets Tax Credits. Mascoma Bank provided the leverage debt and a
Mascoma Community Development provided $6,800,000 in NMTC

Portland, Maine

Significant downtown revitalization utilizing New Markets Tax Credits and Historic Tax Credits for the renovation of a historic 1866 building to create three floors of Class A office space in the heart of Portland’s Old Port. Financing was provided by Mascoma Bank and a Mascoma Community Development’s NMTC loan pool fund.

Burlington, Vermont

The purchase of a dorm style real estate building that will be occupied by a company that provides college support to students with diverse learning needs. Financing was provided by Mascoma Bank and a Mascoma Community Development’s NMTC loan pool fund.

Hoosick Falls, New York

The purchase and improvement of real estate that is leased to a hospital as a medical office building, bringing accessible health care to a rural community. Financing was provided by a Mascoma Community Development’s NMTC loan pool fund.

Portland, Maine

Significant downtown revitalization utilizing New Markets Tax Credits and Historic Tax Credits for rehabilitation of the former Portland Press Herald building into a 110-room Marriott Autograph Hotel. Leverage debt was provided by Mascoma Bank.

Brattleboro, Vermont

Significant downtown revitalization utilizing both New Markets Tax Credits and Historic Tax Credits for the renovation and rehabilitation of the Brooks House Block, a 64,480-square foot, 4-story mixed use building in a rural community. Leverage debt was provided by Mascoma Bank.

Concord, New Hampshire

Significant downtown revitalization utilizing New Markets Tax Credits for the renovation of a 70,000-square foot commercial office/retail building. Leverage debt was provided by Mascoma Bank.

Burlington, Vermont

As part of a larger substantial downtown revitalization plan, the historic Woodbury Armory was transformed into a 139-room Hilton Garden Inn, utilizing both New Markets Tax Credits and Historic Tax Credits. Leverage debt was provided by Mascoma Bank.

Concord, New Hampshire

A 92-room Residence Inn by Marriott, which included job creation and a job training program targeted for immigrants, was constructed using New Markets Tax Credits. Leverage debt was provided by Mascoma Bank.

Rutland, Vermont

Significant rural downtown revitalization project utilizing New Markets Tax Credits for the rehabilitation of a 32,000-square foot, 3-story classroom/office building for the Community College of Vermont. Leverage debt was provided by Mascoma Bank.

Concord, New Hampshire

Substantial downtown revitalization utilizing New Markets Tax Credits for the renovation and rehabilitation of an 82,455-square foot, 4-story Class A commercial office/retail building. Leverage debt was provided by Mascoma Bank.

Barre, Vermont

Significant downtown revitalization utilizing New Markets Tax Credits for the renovation and rehabilitation of Barre City Place, an 80,000-square foot retail and office building in a rural community. Leverage debt was provided by Mascoma Bank.

Nashua, New Hampshire

A downtown redevelopment project utilizing New Markets Tax Credits for the purchase and rehabilitation of two dormant commercial buildings in the City center into a performing arts center and community space. Mascoma Community Development provided $9,750,000 in NMTC allocation. 

Cambridge, Maryland

A significant redevelopment of 62,620 square feet of downtown mixed-use real estate that has been vacant since the 1960s. This commercial hub will provide space for multiple tenants using sustainable materials and energy efficient measures towards achieving LEED Gold certification.

Chicopee, Massachusetts

Acquisition and construction of a new 63,000-square foot headquarters building with warehouse, office, training, and support spaces of regional food bank facility, utilizing New Markets Tax Credits. Mascoma Community Development provided $7,000,000 in NMTC Allocation towards this relocation and expansion project.

Madison, Maine

Redevelopment of an existing 600,000-square foot paper mill into a wood fiber insulation manufacturing facility using New Markets Tax Credits. This adaptive re-use of a shuttered paper mill contributes to the economic recovery for rural Madison. Mascoma Community Development provided $20,000,000 in NMTC allocation.

Salem, Massachusetts

Acquisition and construction of a new two-story, 99,724-square-foot manufacturing and warehouse facility. The $20,000,000 in New Markets Tax Credit allocation provided by Mascoma Community Development will more than double the production capacity of the manufacturer.

Manchester, Tennessee

The construction of a 190,000-square-foot food product distribution center in rural Manchester, Tennessee, which will more than double distribution capacity of healthy foods and other food products in the state. The new facility will include offices as well as dry, refrigerated, and frozen warehouse spaces. Mascoma Community Development provided $15,000,000 in NMTC allocation.

Holland, Michigan

The purchase and installation of equipment as part of the expansion of Coastal Container Corporation, a locally owned, full-service packaging solutions company, to create quality, full-time jobs while increasing operational efficiency and making a significant positive environmental impact on the region. NMTC funding will allow Coastal Container to create 99 new full-time jobs while reducing negative environmental impacts by diminishing diesel fuel usage and road wear related to trucking.

Defiance, Ohio

The purchase and installation of equipment and machinery for an 80,000-square-foot industrial manufacturing facility in non-metropolitan Defiance, Ohio. NMTC funding will allow APackaging Group Ohio to establish a domestic packaging manufacturing facility offering state-of-the-art production of its newest product.