MassDevelopment.com: Custom Programs: Municipalities and Public Entities

Cities and towns across the state want to help their own communities prosper. However, they may find that achieving this goal is often difficult due to a lack of available funding. To help these communities, MassDevelopment can provide the financing as well as the necessary technical assistance. Municipalities and public entities alike have benefited greatly by accessing MassDevelopment's many services.

Tax-Exempt Bonds — Used for a variety of public real estate and infrastructure projects. Interest on the bonds is exempt from federal income taxes – and for certain bondholders is also exempt from state income taxes – resulting in lower interest rates.

Real Estate Loans — Provide loans and loan participations of up to $5 million for facility acquisition, renovation, construction, and permanent financing.

Equipment Loans — Offer below market-rate financing of $50,000 to $1,000,000 for new equipment.

Guarantees — Secure a portion of a private loan for real estate, or equipment, providing lenders with incentives to extend credit.

Brownfields Redevelopment Fund — Provides up to $100,000 in financing for environmental site assessments and up to $500,000 in financing for environmental remediation. Site assessment loans are unsecured, zero interest. Remediation loan terms are flexible.

Taxable Bonds — Offer borrowers access to capital markets for industrial and commercial real estate projects.

Massachusetts Cultural Facilities Fund — Provides Capital Grants and Feasibility and Technical Assistance Grants to promote the acquisition, design, repair, rehabilitation, renovation, expansion, or construction of nonprofit cultural facilities in Massachusetts.