Who we are

MassDevelopment is the Commonwealth’s development finance agency and land bank. Through a variety of programs, MassDevelopment stimulates business, drives economic growth, and helps communities across Massachusetts thrive. Its priorities include low-cost and creative financing options for a range of organizations, transforming the Commonwealth’s Gateway Cities, promoting the Massachusetts manufacturing and defense sectors, and sustainably redeveloping surplus properties. Since its establishment, the Agency has been tasked by administrations and the legislature to facilitate redevelopment of publicly owned properties and repurpose them for more beneficial and impactful community uses.

MassDevelopment is empowered to acquire and redevelop federal, state, and blighted properties to maximize job creation, expand the local tax base, and increase the production of housing consistent with local economic priorities. The Agency has a strong record of catalytic development projects, including the redevelopment of Devens, a former Army installation in north-central Massachusetts. Nearly 30 years after the base’s realignment, Devens is home to nearly 1,000 residents and 100 businesses, nonprofits, and government organizations that employ approximately 10,000 workers. MassDevelopment is active throughout Cape Cod: it is investing in downtown Hyannis through its Transformative Development Initiative; supports affordable housing with low-cost loans and tax-exempt bonds; and finances projects like YMCA Cape Cod's Camp Lyndon.

Project Location

Previous plans