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Rockland Trust Community Development Corporation II
Rockland MACDFI Awards for Rockland Trust Community Development Corporation II
NMTC (2006) - $45,000,000
Rockland Trust Community Development Corporation II will use its NMTC Allocation to enhance its current community lending activities to qualified borrowers in low income communities in Southeastern Massachusetts and Rhode Island. Loans will primarily be made to qualified non-real estate businesses and to qualified real estate developers in communities that are areas of higher distress. All loans will be made with at least three flexible or non-traditional terms, including lower interest rates, higher loan-to-value ratios, longer interest only periods, longer amortization periods, and non-traditional forms of collateral. Rockland Trust will also provide financial counseling and other services, free of charge, to businesses in low-income communities.
Other Community Development Financial Institutions in Massachusetts
ACCION USA
Boston
AI Wainwright LLC
Boston
BCLF Ventures II, LLC
Boston
Institute for Community Economics
Springfield
Jobs for Fall River, Inc.
Fall River
Local Enterprise Assistance Fund
Brookline
MHIC, LLC
Boston
NOAH Community Development Fund, Inc.
East Boston
UECDF Corporation
Roxbury
WCHR Securities, Inc.
Worcester
YouthBuild Loan Fund
Somerville
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