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Lawmakers, advocates press for bigger MVP and new resilience loan fund to help small towns act on flood risks
Summary
The administration proposed a pilot resiliency revolving loan fund and $315 million for the Municipal Vulnerability Preparedness program; municipal officials and regional planners urged larger, recurring funding and said loans and technical assistance are needed for small towns.
What happened: EEA witnesses told the committee the Mass Ready Act creates a resiliency revolving fund — modeled on the state revolving loan fund concept — to provide low‑cost loans to cities and towns for resilience projects such as culvert replacement, seawall repair, and nature‑based flood mitigation. Secretary Rebecca Tepper and other administration witnesses described the fund as a pilot to be managed by EEA with bond‑backing handled by the Clean Water Trust.
Why it matters: Multiple municipal officials and regional planning agencies said grant…
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