Municipal

MassDev Announces Available Funding

Boston – The Baker-Polito Administration and MassDevelopment announced a new round of available funding from the Brownfields Redevelopment Fund to support the environmental assessment and cleanup of contaminated and challenging sites across the Commonwealth.

Municipalities, municipal agencies or authorities, economic development and industrial corporations, and economic development authorities may apply for up to $100,000 in site assessment funding or up to $250,000 in remediation funding.

MassDevelopment oversees the Brownfields Redevelopment Fund, which helps to transform vacant, abandoned, or underused industrial or commercial properties by financing the environmental assessment and remediation of brownfield sites in “Economically Distressed Areas” of the Commonwealth. Since the fund’s inception in 1998, it has supported 747 projects for a total investment of more than $108 million.

This competitive round seeks to advance the redevelopment of sites without a committed end-user where market potential has been identified. It will not replace the traditional process of accepting applications on a rolling basis for eligible proposals with an identified developer.

The full Request for Proposals is available at massdevelopment.com/brownfields. Responses are due by 5 p.m. on Sept. 18.

 

 

 

 

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