MSBA Approves $9.7M in Accelerated Repair Grants

Expedited Process Improves Learning Environments for Children in Eight Schools

State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced today that the MSBA Board of Directors has approved $9,705,667 for Accelerated Repair Projects to six school districts.

The main goals of the Accelerated Repair Program are to improve learning environments for children and teachers, reduce energy use and generate cost savings for districts. The program provides funding for the repair or replacement of roofs, windows and boilers in schools that are otherwise structurally, functionally and educationally sound.

“The Accelerated Repair Program allows us to make much needed repairs to more schools in less time,” stated Treasurer Grossman.  “Besides improving the learning environment for our children, the program also makes our schools more energy efficient and generates significant cost savings.  It's a win-win for everyone.”

“The MSBA continues to partner with Massachusetts communities in the ongoing work of upgrading their public schools,” Executive Director McCarthy said. “These improvements to school facilities can only enhance students’ ability to excel in the classroom.”

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 creation, the MSBA has made more than $10.4 billion in timely payments 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.