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Administration proposes resilience revolving fund to help towns finance culverts, seawalls and infrastructure
Summary
The Mass Ready Act would create a state‑managed resilience revolving fund to provide low‑cost loans to cities and towns for large resilience projects; committee members asked how small towns would access funds and how projects will be prioritized.
The Mass Ready Act would create a resilience revolving fund to offer low‑cost loans to municipalities for resilience projects such as culvert upgrades, seawall repairs and other flood‑mitigation work, administration witnesses told the committee.
Secretary Rebecca Tepper and Secretary Matthew Gorkowitz said the fund would be managed through the Clean Water Trust with EEA setting disbursement criteria. They described the tool as a way to extend grant dollars by enabling loans that communities repay and reuse for future projects.
"It will be…
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