Rockland Trust Community Development, LLC

Rockland MA


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CDFI Awards for Rockland Trust Community Development, LLC


NMTC (2003) - $30,000,000

Rockland Trust Community Development LLC (Rockland) will use its NMTC allocation to support real estate and non-real estate business lending targeted at low-income communities in the four southeastern Massachusetts counties of Barnstable, Bristol, Norfolk, and Plymouth. The NMTC allocation will permit Rockland to enhance the current lending offered through Rockland Trust Company by extending business credit on more favorable and flexible terms than typically offered with respect to interest rate, loan to value limits, amortization schedule, and debt service coverage. In conjunction with its lending activities Rockland will also provide financial counseling to businesses within low-income communities, both to assist them with NMTC requirements and to assist them in obtaining complementary equity and debt financing from other public and private sources.



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