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Brownfields Redevelopment Fund
Interest-free financing of up to $100,000 is available per project for environmental site assessment. Site assessments are unsecured with no interest charged.
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Brownfields Site Assessment |
Financing of up to $500,000 is available for environmental clean-up. Loan terms are flexible and determined on a case-by-case basis. The remediation must be part of a redevelopment project.
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Brownfields Remediation Loan |
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M275 LLC
MassDevelopment provided $440,000 in financing to redevelop the former Haywood Mill Complex in Fall River. The low-interest, two-year loan comes from the state's $30 million Brownfields Redevelopment Fund administered by MassDevelopment. Funds will be used to clean up contamination on the site, including two underground storage tanks, piping systems, and fuel oil. The 50,000 square foot building will be renovated to provide office and industrial space. |
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