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City Partners with State to Seek $60 Million in Federal Recovery Funding for Energy...
December 17, 2009 - (RealEstateRama) -- Today, Mayor Thomas M. Menino announced that the City of Boston has joined with the Commonwealth of Massachusetts in seeking $60 million of American Recovery and Reinvestment Act (ARRA) funding to support energy efficiency statewide and the Renew Boston Rental Property Retrofit Program. Under the grant proposal, $15 million would support the Renew Boston program with targeted investments along the Blue Hill Avenue corridor utilizing a full compliment of incentives to afford landlords the opportunity to invest in energy efficient upgrades that benefit their tenants. Over 60 percent of corridor residents living in rental housing and many residents spend more than 10 percent of household income on energy. The program will also compliment the city’s green jobs program, including a pending $4 million U.S. Department of Labor Pathways Out of Poverty grant request.
Green Infrastructure Projects Promise Environmental Results in Ipswich River Watershed
Boston, MA - June 9, 2009 - (RealEstateRama) — A series of low-impact development or green infrastructure projects are demonstrating techniques that show promise of improving water quality and stream flow in the Ipswich River Watershed.
Mayor Awards $15.7M in Loans to First Boston Invests in Growth Projects
Says City Will Apply for Additional Federal Funds to Help Move Stalled Development Projects Forward. June 01, 2009 - (RealEstateRama) — Mayor Thomas M. Menino today announced the City has committed to issue the first Boston Invest in Growth loans, enabling important developments to move forward in three Boston neighborhoods, including a new shopping center in Hyde Park; a neighborhood market in South Boston, and a brand new hotel in the City’s Theater District. The three projects represent a $230 million economic investment, and are expected to generate more than 650 new permanent jobs and hundreds more construction jobs in Boston.