Developments > River Valley Co-op
A qualified equity investment (QEI) of $7.50 million in MHIC NE CDE II subsidiary 61 LLC to make a qualified low-income community investment (QLICI) totaling $7.275 million to finance the ground up construction of a 23,000 sf cooperative grocery store known as River Valley Co-op in Easthampton, MA, a USDA designated Food Desert. Co-CDEs include National Community Investment Fund (NCIF), Vermont Rural Ventures (VRV), and Capital One.
River Valley Co-op
Project at a Glance:
Location:
Easthampton
Development Type:
Commercial
MHIC Financing:
$7,275,000 in NMTC financing
Sponsor:
Northampton Community Cooperative Market, Inc.
Date Completed:
6/30/2021
A qualified equity investment (QEI) of $7.50 million in MHIC NE CDE II subsidiary 61 LLC to make a qualified low-income community investment (QLICI) totaling $7.275 million to finance the ground up construction of a 23,000 sf cooperative grocery store known as River Valley Co-op in Easthampton, MA, a USDA designated Food Desert. Co-CDEs include National Community Investment Fund (NCIF), Vermont Rural Ventures (VRV), and Capital One.