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Pine Forest
Photo Credit: Andrey Belenko

New Forest Fund IV LCC

Aroostook County, ME
December 2011

The Conservation Fund purchased 12,013 acres of working forest land to be managed under Sustainable Forestry Initiative (SFI) and Forest Stewardship Council (FSC) standards. Developed a partnership with The Conservation Fund to offer local community development grants.

 

Project Facts:

CCML Financing: 
$13,298,000
Financing Program: 
Federal New Markets Tax Credits
Tax Credit Investor(s): 
Wells Fargo Community Investment Holdings

Community Benefits:

Permanent Jobs Created/Retained: 
3