MassDevelopment can issue tax-exempt bonds to finance public infrastructure improvements needed to jump-start development projects. Infrastructure includes roadways, treatment facilities, transportation facilities, streetscape, sidewalks, parks, recreational facilities, parking garages, bridges, tunnels, and wharves.
In addition to enabling a development project to progress, infrastructure finance programs can provide municipalities and developers with flexibility, cost efficiencies, negotiable debt structures, and sharing of risks, costs, and rewards.
Infrastructure programs that use MassDevelopment tax-exempt conduit bond financing are:
- Infrastructure Investment Incentive Act (I-cubed or I3)
- District Improvement Financing (DIF)
- Special Assessments
