NH Delegation Announces $55 Million For Mascoma Bank To Support Small Businesses & Community Development
November 03, 2022
November 03, 2022
WASHINGTON, Nov. 3 -- Rep. Chris Pappas, D-New Hampshire, issued the following news release:
The New Hampshire delegation announced that Mascoma Community Development, a wholly-owned subsidiary of Mascoma Bank of Lebanon was awarded $55 million in New Markets Tax Credits (NMTC) to incentivize development in underserved communities. Mascoma Community Development works to help raise capital, facilitate loans and support development in low income and distressed communities.
The New Hampshire delegation announced that Mascoma Community Development, a wholly-owned subsidiary of Mascoma Bank of Lebanon was awarded $55 million in New Markets Tax Credits (NMTC) to incentivize development in underserved communities. Mascoma Community Development works to help raise capital, facilitate loans and support development in low income and distressed communities.