MassDevelopment Brownfields Redevelopment Funding Now Open

08.25.2020

 

Staff Contribution

 
MassDevelopment’s Brownfields Redevelopment Fund finances the environmental assessment and remediation of brownfield sites in Economically Distressed Areas (EDAs) of the Commonwealth. The 2016 Economic Development Bill authorized $45 million over ten years from the Commonwealth’s capital budget for the Fund, a portion of which is being made available through this solicitation.
 
This solicitation does not replace MassDevelopment’s traditional process of evaluating proposals and awarding loans and recoverable grants on a rolling basis when the timing is urgent due to a clearly identified development opportunity.
 
This opportunity has been created to help municipalities and other municipal entities advance the redevelopment of sites where the development potential has been identified but an end-user has not yet committed to redeveloping the site.
 
Under this solicitation, eligible applicants may apply for up to $100,000 in site assessment funding, or up to $250,000 in remediation funding.
 
The deadline for application submissions for this solicitation is September 18, 2020.
Awards will be announced in November 2020.
 
For more information, visit MassDevelopment.com/brownfields, email brownfields@massdevelopment.com, or contact your regional MassDevelopment Community Development representative.

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