The Massachusetts School Building Authority Announces Approval for Hopkins Academy Roof in Hadley Under the Green Repair Program
The MSBA grant for Hadley totals $328,029
The Board of Directors of the Massachusetts School Building Authority (“MSBA”), Chaired by State Treasurer Steven Grossman, has approved a grant of $328,029 for a new roof at Hopkins Academy in Hadley under the Green Repair Program.
The main goals of the MSBA’s Green Repair Program are to improve learning environments for students and teachers, reduce energy use, and generate cost savings for districts. The program is for the repair or replacement of roofs, windows, and/or boilers in schools that are otherwise structurally, functionally, and educationally sound. The one-time-only program has a budget of $300 million and grants are 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.