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New municipal authority MRDA reports broad interest from towns, eyes first projects this fall
Summary
The Municipal Redevelopment Authority (MRDA) told the Appropriations Subcommittee it has engaged with roughly 35 municipalities and expects to begin entertaining project funding applications this summer and bring projects to the bond commission this fall.
The Municipal Redevelopment Authority (MRDA) told the Appropriations Subcommittee that municipal interest in the authority’s tools has been strong and that the agency expects to begin accepting project funding applications in summer and present its first set of bond-commission requests by fall.
MRDA Executive Director David (MRDA) said the authority, which stood up in July 2024, has spent its start-up months establishing governance, bylaws, bank accounts, policies and staffing. “We spent, you know, 4 or 5 months, getting things up and running, policies and procedures, bylaws,…
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