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MassDevelopment

Real Estate Services (RES) Technical Assistance

MassDevelopment works with municipal officials, planners, local stakeholders, and others to provide technical assistance aimed at addressing site-specific and/or district-wide economic development challenges. Through MassDevelopment’s in-house expertise and contracts with “house doctor” consultants, our real estate services team provides creative solutions and feasible steps for municipalities and other public entities to effectively address planning and development projects.

Real Estate Services Technical Assistance is part of the Community One Stop for Growth, a single application portal and collaborative review process of community and economic development grant programs that make targeted investments based on a Development Continuum. The One Stop streamlines the experience for the applicant and better coordinates programs and staff on engagement and grant making. It reorients the Commonwealth from a passive reviewer of funding requests to an active partner in economic development strategy, priorities, and investment. Access to this program is now exclusively available through the One Stop. For more information, including key dates, frequently asked questions, and instructions on submitting an Expression of Interest and Full Application, please visit here.

 

Eligible Applicants and Uses

Applicants must be a municipality, municipal agency, or other public entity to apply for the RES Technical Assistance funding.

The Community One Stop for Growth will be accepting applications for funding in all eligible categories described below. For FY23, proposals must be tied either to the redevelopment of public surplus property or to the implementation of district management tools. Available assistance includes the following activities: 

  • Public Surplus Property Reuse
    • Site Concept Plans and Market Feasibility Studies – Including feasibility and planning studies in addition to concept-level master planning. 
    • Request for Proposals / Qualifications – Development of materials to support the municipality’s disposition process and the analysis of proposals to support their decision.
  • Local District Management Implementation Technical Assistance

Review Criteria

MassDevelopment will consider the following criteria when reviewing RES Technical Assistance applications. While few applications will satisfy every criterion, applications will be reviewed on a relative basis. Review criteria will be used to assess the potential for requested funding to advance a project towards project readiness, future development, and public benefits.

  • Availability of budget and appropriate house doctor consultants
  • Regional impact and regional appropriateness
  • Municipal commitment to work in partnership with MassDevelopment on the project
  • Municipal capacity to implement and advance next steps upon completion of work
  • Project ability to:
    • Advance local plans and programming
    • Attract or retain jobs
    • Create housing opportunities
    • Result in the redevelopment of surplus public property
    • Assist historically disadvantaged communities
    • Advance smart growth
    • Advance planning and predevelopment activities to a point where the private sector is compelled to invest in the project area.
  • Availability of matching funds from a local contribution 

Grant Terms and Conditions

Grantees will be required to execute a standard grant agreement. The agreement provides that in most instances, the Agency will be repaid from any net property sale proceeds, long-term lease revenue, or refinancing proceeds. If a grant does not result in new revenues, there is no repayment obligation.

For more information, contact:

Claire O'Neill
Senior Vice President, Real Estate Planning
Email: coneill@massdevelopment.com