Main Street Mill

New Markets Tax Credit Coalition

Richford,
VT
(2007)

Main Street Mill

Behavioral Health, Community, Healthcare, Historic Rehabilitation, Mixed-use

The redevelopment of a historic mill building located on Main Street in the center of the Village of Richford, Vermont.

Investment

NMTC Amount: $4,810,187
Total Project Cost: $7,134,000

IMPACT

45 FTE jobs
15 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

CEI Capital Management

Investor

Banknorth

Project Description

The Richford Main Street Mill project involves the redevelopment of a historic mill building located on Main Street in the center of the Village of Richford, Vermont. Richford is a town of approximately 2,339 located in northeastern Franklin County bordering the Eastern Townships of Quebec. In order to finance the redevelopment, the CDE, CEI Capital Management LLC (CCML), provided $4,958,956 in New Markets Tax Credits (NMTC) using a combination of debt and equity.