MSBA Announces Approval for Two Schools in the Pioneer Valley Under Green Repair Program

September 28, 2011

The Massachusetts School Building Authority Announces Approval for Two Schools in the Pioneer Valley Under the Green Repair Program

The MSBA grants for the Pioneer Valley total $398,014

The Board of Directors of the Massachusetts School Building Authority (“MSBA”), Chaired by State Treasurer Steven Grossman, has approved grants of $398,014 for two schools in the Pioneer Valley under the MSBA’s Green Repair Program. The MSBA Board approved grants of $229,420 for a new boiler at Pioneer Valley Regional School and $168,594 for a new roof at the Northfield 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 as a result of this program.”

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.