Resources for Developers
-
Loans & Tax Credits
MassDevelopment provides direct loans and loan guarantees to manufacturers, commercial businesses, developers, and nonprofit organizations.
MassDevelopment offers low rates and flexible terms to help foster real estate and business expansion projects that generate jobs and economic benefits for communities across Massachusetts.
-
Energy-Efficient Upgrades
The Sponsors of Mass Save offer rebates and incentives on energy-efficient products and technology—allowing businesses to run better, with reliable, energy-saving equipment. If you’re not sure where to begin or can’t find what you’re looking for, the Sponsors of Mass Save offer energy assessments to support your efficiency projects from start to finish.
-
Underutilized Properties Grants
The Mass Development Underutilized Properties Program funds planning and construction projects that will rehabilitate or redevelop blighted, abandoned, vacant or underutilized properties. Projects must help eliminate blight, increase housing production, support economic development, and increase the number of buildings accessible to people with disabilities.
-
Rental Property Development
The Housing Stabilization Fund (HSF) is a state funded loan program for municipalities and developers to support affordable rental housing production and rehabilitation. HSF funds can be used to purchase and/or rehabilitate buildings for rental use, including distressed or failed properties, or for the new construction of rental projects.
-
Chapter 40R
The goal of Chapter 40R is to boost housing supply and lower costs by zoning more land for higher-density housing. Chapter 40R districts require local zoning laws to allow compact residential and mixed-use development without needing special approval. Contact BRPC or the North Adams Community Development Office to find out if your project is in a 40R District.
-
Additional Resources
1Berkshire is the Regional Economic Development Organization for Berkshire County. As a state-supported entity, 1Berkshire provides direct conduits to state agencies, tax incremental financing navigation, and targeted technical assistance that developers can take advantage of. Fill out the intake form and book a meeting to discuss what your goals and needs are.