A Statement of Interest is the first step toward potential MSBA funding
State Treasurer Deborah Goldberg, Chairman of the Massachusetts School Building Authority (“MSBA”) and Chief Executive Officer Maureen Valente today announced the opening of the 2016 Statement of Interest (SOI) process. From January 8, 2016, through April 8, 2016, the MSBA will accept SOIs for consideration in calendar year 2016 through its web-based application system.
Submitting an SOI is the critical first step in the MSBA’s school construction grant program. It allows a district to inform the Authority about deficiencies that may exist in a school facility and how those deficiencies inhibit achievement of the district’s educational program.
The SOI closing date for districts submitting under the Accelerated Repair Program is February 12, 2016. The Accelerated Repair Program is primarily for the repair or replacement of roofs, windows/doors and boilers in facilities that are otherwise structurally sound.
The SOI closing date for districts submitting under the Core Program is April 8, 2016. The Core Program is primarily for extensive repairs, renovations and additions to existing facilities and for the construction of new schools.
After initial review, the MSBA will work with districts to verify the problems identified in their SOIs. Facilities that display need and suitability for the MSBA program may receive an invitation into the Eligibility Period of the MSBA’s Capital Pipeline. The invitation commences the collaborative process between the district and the MSBA in a school improvement project.
The MSBA partners with Massachusetts communities to support the design and construction of educationally appropriate, flexible, sustainable and cost-effective public school facilities. Since its 2004 inception, the Authority has made over 1,675 site visits to more than 250 school districts as part of its due diligence process and has made over $11.8 billion in reimbursements for school construction projects.
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