MHIC NE New Markets CDE II LLC

Boston MA


MHIC NE New Markets CDE II LLC (MHIC CDE) targets the most disadvantaged communities – both urban and rural – in the six New England states. The financing will be targeted to those projects and businesses in distressed communities that will maximize job creation, encourage private investment, initiate or accelerate community revitalization, and increase economic opportunity for low-income community residents. MHIC CDE will provide a package of financing (debt, subordinate debt and/or equity) to fill feasibility gaps of 22 to 37 percent of project costs with patient capital.

CDFI Awards for MHIC NE New Markets CDE II LLC


NMTC (2009) - $90,000,000

MHIC NE New Markets CDE II LLC (MHIC CDE) targets the most disadvantaged communities – both urban and rural – in the six New England states. The financing will be targeted to those projects and businesses in distressed communities that will maximize job creation, encourage private investment, initiate or accelerate community revitalization, and increase economic opportunity for low-income community residents. MHIC CDE will provide a package of financing (debt, subordinate debt and/or equity) to fill feasibility gaps of 22 to 37 percent of project costs with patient capital.



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Community Development Financial Institutions

Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.




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