MSBA Announces $4.8 Million Grant Approval for Four Schools in Lowell Under Green Repair Program

September 28, 2011

The Massachusetts School Building Authority Announces $4.8 Million Grant Approval for Four Schools in Lowell Under the Green Repair Program

The MSBA grants for Lowell total $4,851,860

The Board of Directors of the Massachusetts School Building Authority (“MSBA”), Chaired by State Treasurer Steven Grossman, has approved grants of $4,851,860 for four schools in Lowell under the MSBA’s Green Repair Program. The MSBA Board approved the following grants: 

  • $899,635 for a new roof at Lowell High School
  • $1,703,104 for a new roof and windows at Moody Elementary School
  • $551,361 for a new roof at Peter W. Reilly Elementary School
  • $1,697,760 for a new roof, boilers and windows at Washington Elementary School

The main goals of the Green Repair Program are to improve learning environments for children and teachers, reduce energy use, and generate cost savings for districts. The program will repair or replace roofs, windows, and/or boilers in schools that are otherwise structurally, functionally, and educationally sound. The one-time-only program has a limited budget of $300 million and grants will be awarded on a competitive basis.

“The Green Repair Program allows us to make much-needed repairs to more schools in less time,” said Treasurer Grossman. “In addition to improving the learning environment for our children, the green repairs also make our schools more energy efficient and generate significant cost savings. It's a win-win program for everyone.”

“The MSBA has invited over 185 school repair projects into our Green Repair Program,” stated MSBA Executive Director Katherine Craven. “Thousands of children will be the direct beneficiaries of an improved learning environment.”

The MSBA strives to find the right-sized, most fiscally-responsible, and educationally-appropriate solutions to create safe and sound learning environments. In its six year history, the MSBA has made more than $8 billion in reimbursements to cities, towns, and regional school districts for school construction projects. These timely payments have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities in these difficult economic times.