Mascoma Community Development
Mascoma Community Development is a federally certified Community Development Entity and subsidiary of Mascoma Bank that administers New Markets Tax Credit allocations to fund nonprofits, community facilities, and economic development projects in underserved areas across Northern New England and beyond.
- Company typePrivate
- Founded2014
- HeadquartersBethel, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Mascoma Community Development does
Mascoma Community Development (MCD), LLC is a wholly owned subsidiary of Mascoma Bank and a federally certified Community Development Entity (CDE) established in 2014 to administer New Markets Tax Credit (NMTC) programs. Operating from Lebanon, New Hampshire with project offices in Littleton and Bennington, MCD has been awarded $395 million in cumulative NMTC allocations across eight rounds from the US CDFI Fund since 2014, including an $85 million allocation announced in January 2026. The entity deploys these tax credit allocations into qualifying community development projects — spanning nonprofits, healthcare facilities, workforce training programs, manufacturing expansions, agricultural cooperatives, and real estate redevelopment — across Northern New England and increasingly in New York and Minnesota.
MCD's revenue model is structurally distinct from a traditional lender: it does not primarily generate interest income on a loan portfolio, but rather originates and administers NMTC transactions, earning related fees and tax credit economics on each project deployment. Reported project-level allocations in the $15-16 million range (e.g., $15 million to Southern Minnesota Beet Sugar Cooperative, $16 million to Cimolai-HY, $15 million for the Benn High redevelopment in Bennington, VT) illustrate the unit economics of each deployment. Within the broader Mascoma Bank franchise — a Certified B Corporation and BankOn Certified community bank operating since 1899 with 251-500 employees — MCD sits alongside a traditional community banking portfolio including first mortgages (236 issued in 2024), BankOn Certified checking accounts, personal loans, business banking, wealth management, and digital banking services supported by Plaid integration.
The organization's go-to-market is community-led and relationship-based, relying on direct outreach to nonprofits, municipalities, and small businesses through the parent bank's regional branch network in New Hampshire and Vermont, complemented by a digital banking platform and a community content/blog channel. Distribution of NMTC capital follows a partnership model with strategic nonprofit and enterprise recipients. In May 2026, Mascoma Bank and Androscoggin Bank announced plans to combine parent companies into a single mutual holding company structure, a move that would broaden the capital base behind MCD's NMTC deployment capacity and potentially extend the entity's geographic reach into Maine.
Mascoma Community Development firmographics
Firmographics- Name
- Mascoma Community Development
- Legal name
- Mascoma Community Development, LLC
- Website
- https://mascomabank.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Mascoma Community Development is a federally certified Community Development Entity and subsidiary of Mascoma Bank that administers New Markets Tax Credit allocations to fund nonprofits, community facilities, and economic development projects in underserved areas across Northern New England and beyond.
- Ownership category
- akta.pro rank
Mascoma Community Development industry classification
Industry- Product category
- Community Development Financing
- NAICS
- Collection Agencies (561440), Collection Agencies (56144)
- SIC
- Personal Credit Institutions (6141), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Microenterprise Group Lending (Joint Liability) (FSAKAGAH)
- akta.pro secondary industries
- Private Placements (144A/Reg S/MTN) (FSACABAK), Corporate Foundations & CSR Grantmaking (BPAGAKAC)
Keywords
Where Mascoma Community Development is headquartered
LocationHeadquarters
- HQ city
- Bethel
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Mascoma Community Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- New Markets Tax Credit Program: Mascoma Community Development, a certified development entity, administers New Markets Tax Credit allocations to support community development projects. The program provides tax credit financing to qualified community development projects and low-income communities.
- Community Lending and Financing: Provides loans and financing to businesses and community organizations for development projects, real estate, and equipment acquisition in underserved communities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | New Markets Tax Credit financing for community development projects |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Mascoma Community Development product offering
Product offeringCore offering
Mascoma Community Development (MCD) is a wholly owned subsidiary of Mascoma Bank and a registered certified development entity that administers New Markets Tax Credit (NMTC) allocations to finance community development projects. MCD has been awarded $395 million in cumulative NMTC allocations since 2014, channeling tax credit financing into real estate development, facility expansion, equipment acquisition, and workforce training programs for nonprofits, businesses, and community organizations in low-income communities across Northern New England and beyond.
Product overview
Mascoma Community Development (MCD) is a wholly owned subsidiary of Mascoma Bank and registered certified development entity. MCD operates as the primary vehicle for New Markets Tax Credit (NMTC) program administration, having been awarded $395 million in NMTC allocations since 2014. The broader Mascoma Bank organization offers a comprehensive suite of banking products including first mortgages, checking accounts (including BankOn Certified accounts), personal loans, business banking services, wealth management, and digital banking platforms. These products work together as a traditional community banking portfolio, with MCD specifically focused on economic development through tax credit financing in underserved communities.
Differentiator
Problem solved
Functional benefit
Products and services
- New Markets Tax Credits (NMTC)
- First Mortgages
Quantifiable outcome
- 236 first mortgages issued to families and individuals in 2024
- +4 more outcomes
Companies that use Mascoma Community Development
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
Mascoma Community Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Mascoma Community Development partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered major and minor.
- Androscoggin BankmajorMascoma Bank and Androscoggin Bank announced plans to combine their parent companies into a single mutual holding company structure.
- Southern Minnesota Beet Sugar CooperativemajorMascoma Community Development awarded $15 million in New Market Tax Credits to support the expansion and equipment of two facilities for the Southern Minnesota Beet Sugar Cooperative, a major agricultural cooperative.
- Cimolai-HYmajorNew Markets Tax Credit financing supporting the acquisition and installation of equipment and a newly created comprehensive workforce training program in Olean, NY.
- Benn High Projectmajor$15 million New Markets Tax Credit allocation for the redevelopment of a 20-year vacant facility in Bennington, VT.
- MoonRise TherapeuticsminorFounded in 2017 by mental health professionals and horse specialists in Woodstock, Vermont, providing therapeutic services.
- Lucy Mackenzie Humane SocietyminorAnimal care organization serving the community in West Windsor, Vermont for 110 years.
- Southeastern Vermont Community Action (SEVCA)minorFounded in 1965 to support the community around systemic issues of poverty.
- The Center for New BeginningsminorPsychotherapy provider founded in 1985 in Littleton, NH serving the North Country.
- The Janet S. Munt Family RoomminorFamily and children support services located on Allen Street in Burlington, supporting families in Chittenden County.
- Everybody Wins! VermontminorNonprofit celebrating 25 years of encouraging children to love reading; opened first two locations in October 2000.
- Big Brothers Big Sisters of Southern MaineminorNonprofit mentorship organization founded in 1995 providing mentorship to kids.
- Cities for Financial Empowerment FundmajorAwarded BankOn Certification ensuring access to safe and affordable bank accounts for everyone.
Scale indicators13 records
Recent moves7 records
Expansion highlights5 records
Mascoma Community Development competitors and assessment
Company assessmentDirect peers
- Coastal Enterprises Inc (CEI): Maine-based community development financial institution and certified development entity administering NMTC allocations and providing loans to underserved businesses and nonprofits in New England. Directly comparable as a regional CDE with overlapping geography and mission.
- Vermont Community Loan Fund: Vermont-based CDFI providing loans, grants, and technical assistance to small businesses, nonprofits, and community facilities. Operates in overlapping geography with Mascoma and shares the community development lending focus.
- New Hampshire Community Loan Fund: New Hampshire-based CDFI serving the same primary geography as Mascoma Community Development, providing financing for affordable housing, community facilities, and small businesses. Highly comparable mission and customer base.
- National New Markets Fund: National CDE focused on NMTC allocations in low-income communities, serving a similar function to Mascoma Community Development as a certified development entity. Direct competitor for NMTC allocation awards from the CDFI Fund.
- Stonehenge Capital: National CDE that administers NMTC allocations across multiple states, providing debt and equity financing to businesses in low-income communities. Comparable as a multi-state NMTC allocatee with similar project deployment model.
- Androscoggin Bank: Maine-based community bank announced as a combination partner with Mascoma Bank in May 2026. Comparable as a community-chartered bank with overlapping geography and similar community banking products.
- Capital Plus Financial: CDFI-certified CDE specializing in NMTC financing for charter schools, healthcare facilities, and community facilities. Comparable as a CDE focused on community facility financing using federal tax credit allocations.
Broad incumbents
- Beneficial State Bank: Certified B Corporation community bank with CDFI status serving underserved communities across the West Coast. Comparable as a mission-driven, B Corp-certified community bank with similar deposit/lending products and community development focus.
- Sunrise Banks: CDFI-certified and B Corp community bank headquartered in Minnesota with national reach, focused on financial inclusion and community development. Comparable mission-driven community banking model with CDFI positioning.
- Chase Community Development Banking: Large bank division focused on community development financing, including NMTC allocations, affordable housing, and small business lending in low-income communities. Significantly larger scale but operates in the same CDE/NMTC space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Mascoma Community Development social profiles
Digital presenceMascoma Community Development compliance and trust
Trust signalCompliance5 records
Mascoma Community Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mascoma Community Development leadership team
Management profileNumber of profiles
Profiles2 records
Mascoma Community Development funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mascoma Community Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mascoma Community Development
What does Mascoma Community Development do?
Mascoma Community Development (MCD) is a wholly owned subsidiary of Mascoma Bank and a registered certified development entity that administers New Markets Tax Credit (NMTC) allocations to finance community development projects. MCD has been awarded $395 million in cumulative NMTC allocations since 2014, channeling tax credit financing into real estate development, facility expansion, equipment acquisition, and workforce training programs for nonprofits, businesses, and community organizations in low-income communities across Northern New England and beyond.
Is Mascoma Community Development a public or private company?
Mascoma Community Development is a private company. It is classified as corporate owned and is currently operating.
When was Mascoma Community Development founded?
Mascoma Community Development was founded in 2014. It employs 251 to 500 people.
Where is Mascoma Community Development based?
Mascoma Community Development is headquartered in Bethel, United States, in the North America region.
How does Mascoma Community Development make money?
Two revenue lines are on record. New Markets Tax Credit Program is the primary driver. The others are community Lending and Financing.
Who are Mascoma Community Development's main competitors?
Direct peers on record are Coastal Enterprises Inc (CEI), Vermont Community Loan Fund, New Hampshire Community Loan Fund, National New Markets Fund, Stonehenge Capital, Androscoggin Bank and Capital Plus Financial. Broad incumbents are Beneficial State Bank, Sunrise Banks and Chase Community Development Banking.
Does Mascoma Community Development have an API?
No public API is recorded for Mascoma Community Development.
What industry is Mascoma Community Development in?
Mascoma Community Development's product category is Community Development Financing. Its primary akta.pro industry code is FSAKAGAH, Microenterprise Group Lending (Joint Liability), with a secondary code of FSACABAK, Private Placements (144A/Reg S/MTN). Its NAICS code is 561440 and its SIC code is 6141.