$500K
per applicant
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
Low-interest predevelopment and site assessment loans for Massachusetts projects on contaminated (brownfield) sites. Up to $500,000 for environmental assessment and cleanup planning, enabling developers and businesses to reclaim underutilized industrial and commercial properties.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Project must be on a brownfield/contaminated site in Massachusetts
2.Eligible costs: Phase I/II environmental assessments, remedial action plans
3.Loan up to $500,000 at below-market rates
4.Must demonstrate viable reuse plan (housing, commercial, industrial)
5.Loan converts to grant if site cleanup is completed on schedule
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).