Conduit issuer
Massachusetts Development Finance Agency
Issues for projects anywhere in its state. What fund holdings show about its bonds, and what the issuer itself publishes about fees, size limits and board meetings.
In fund portfolios
Registered funds reported $6.8B of Massachusetts Development Finance Agency bonds across 199 funds in the latest quarter (−$66.6M over the quarter). Filers report the issuer under 7 name variants, merged here. Holdings cover all of the issuer’s conduit bonds — housing, nonprofit and transportation as well as industrial — so they show buyer familiarity, not manufacturing volume.
$4.1B · 10 quarters ago$6.8B · latest
Fees, limits and how to apply
| Item | As published | Source |
|---|---|---|
| Official website | massdevelopment.com | massdevelopment.com |
| Bond programs | Tax-exempt bonds for 501(c)(3) nonprofits, affordable rental housing, assisted living/long-term care, public infrastructure, manufacturing facilities and equipment, municipal/governmental projects; taxable bonds; infrastructure programs (I-Cubed, DIF, 23-L). | massdevelopment.com |
| Fee schedule | Manufacturer (IDB) application: $750 application fee; one-time issuance fee of 1% of principal at closing, or alternatively 0.12% of principal at closing and annually on the anniversary based on amount outstanding. 501(c)(3) application: $750 application fee; issuance fee charged at closing (schedule provided by bond officer). Applicant pays MassDevelopment's legal fees even if financing fails to close. | massdevelopment.com |
| Size limits | For manufacturing IDBs: tax-exempt IDB amount for the borrower in the municipality limited to $10 million; total capital expenditures may not exceed $20 million in the same municipality over the six-year test period. | massdevelopment.com |
| Board meetings | 2026 board meetings posted: January 15, February 12, March 12, April 9, May 14, June 11, August 13, 2026. | massdevelopment.com |
| How to apply | Application forms on bonds page: 501(c)(3) (https://www.massdevelopment.com/assets/document/bonds/taxexemptfinancingfor501c3_04-2026.docx) and manufacturers (https://www.massdevelopment.com/assets/document/bonds/Financing_Request-taxexemptfinancingformanufacturers_-_11.2025.docx) | massdevelopment.com |
Board meetings
No further meetings published yet for this period. Inducement and bond resolutions go to the board, so its calendar sets the earliest approval dates.
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Methodology
Holdings are positions reported by SEC-registered funds on Form N-PORT, matched to issuers and merged across name variants by Securitief; matching can be wrong. Issuer facts were read on the issuer’s own website or official documents in October 2026; nothing is inferred. Inclusion is not an endorsement or a recommendation of any issuer.
Important information. Securitief Research is published by Securitief, operated by Applied America. Securitief is not a placement agent or underwriter and does not seek or receive compensation from any financing, including financings of issuers and borrowers discussed here. It is not acting as a municipal advisor and owes no fiduciary duty to any issuer or obligated person unless separately engaged in writing.
This material is general information. It is not tax, legal, investment or municipal advice, a recommendation, or an offer to sell or a solicitation of an offer to buy any security. Offers are made only by offering documents and only where permitted by state securities laws. State allocation procedures change; confirm current rules with the allocating agency and bond counsel.
Sources: SEC Form N-PORT and FDIC call reports (holdings), IRS and Census (volume cap and population), state agency publications. Issuer classification and aggregation are Securitief’s own and may contain matching errors; figures may be revised. No licensed index levels (MMD, BVAL, ICE) or EMMA trade data are used. Past holdings do not indicate future demand, pricing or the availability of financing. Interest on private activity bonds may be subject to the alternative minimum tax; tax treatment depends on the facts and the opinion of bond counsel.