New Market Tax Credits

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CRDC has partnered with Coastal Enterprises on four New Market Tax Credit Projects since 2007 totaling $41.6 million in new investment.

Plymouth: Mid State Health Center:$3.7 million project owned and developed by CRDC to construct a 19,500 s.f. office building to house a health center in a medically underserved community. (Successful unwind 2013).

Plymouth: Speare Memorial Hospital Medical Office Building: $9.4 million project with tax credits deployed to assist with the financing of a 31,654 s.f. facility. (Successful unwind 2015).

Claremont: Claremont Mills: $18.5 million rehabilitation of a historic six story mill building on the Sugar River to house Red River Computers, The Common Man Inn, and several floors of office space. CRDC also injected a $700,000 direct loan into the project. (Successful unwind and loan repayment 2015).

Concord: Marriot Residence Inn: $10 million, 92 room, 68,000 s.f hotel.(Succesful unwind in 2016.)

For more details, please contact Stephen Heavener
at 603-496-1875 or