Real estate loans are available to support the acquisition, renovation, construction, and permanent financing of commercial and community-focused properties. Loans and bank participations are offered up to $10 million, including construction financing (typically in partnership with another lender) and long-term permanent loans. Eligible projects include multi-tenant and mixed-use buildings, commercial and industrial facilities, manufacturers, small businesses, nonprofits, and rental housing, with loan-to-value advances of up to 90% of property value.

Learn More

• 40R Smart Growth Zones

  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 the North Adams Community Development Office to find out if your project is in a 40R District.

• Historical Rehabilitation Tax Credit
  A historic rehabilitation tax credit may be available to eligible personal income or corporate excise taxpayers who incur qualified expenses restoring historic structures. The credit can be up to 20% of rehabilitation costs for a historic building or a completed phase of a phased rehabilitation project.

• Tax Increment Financing (TIF)
  Tax Increment Financing (TIF) is a public financing tool used to encourage development and redevelopment. It allows municipalities to support projects by offering property tax incentives tied to the future increase in property values generated by the new investment. TIF agreements help make projects financially feasible while promoting job creation, infrastructure improvements, and long-term economic growth.

• Opportunity Zones
  Opportunity Zones are designated areas that encourage long-term investment in low-income communities by offering federal tax incentives to investors who reinvest capital gains into qualified local development projects. North Adams includes two designated Opportunity Zones supporting local redevelopment and economic growth.

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.

Get Started

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.

Learn More

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.

Learn More & Apply

Looking to put down roots in North Adams? Discover available commercial spaces across the city—from walkable downtown storefronts to flexible redevelopment sites. Browse current LoopNet listings to explore opportunities and find the right location to grow your business or bring a new project to life.

Search Properties