Dudley, MA – MassDevelopment issued a $2,760,000 tax-exempt bond on behalf of Venture Community Services Inc., which helped the nonprofit buy a new facility in Dudley and expand its services for individuals with disabilities. TD purchased the tax-exempt bond, which helped Venture Community Services achieve a lower cost of capital.
Venture Community Services used bond proceeds to acquire and renovate a 19,130sf building at 245 W. Main St. in Dudley, which the organization uses as a day habilitation facility that also provides other support for clients.
“Organizations like Venture Community Services play an essential role in supporting residents with disabilities and helping them live with greater independence,” said Economic Development Secretary Eric Paley, who serves as chair of MassDevelopment’s board of directors. “This financing helps expand access to those services and strengthens the communities they serve.”
“For more than 50 years, Venture Community Services has worked across central Massachusetts to empower individuals with disabilities through a wide range of supportive services,” said MassDevelopment president and CEO, Navjeet Bal. “MassDevelopment was pleased to partner with TD to support the nonprofit’s expansion with a new day habilitation facility in Dudley.”
“Dudley is proud to see continued investment in our community that supports critical services and strengthens quality of life for our residents,” said Dudley town administrator, Jonathan Ruda. “This project reflects the value of strong public-private partnerships, including MassDevelopment and TD Bank, in advancing meaningful development.”
“TD is honored to support Venture Community Services in their dedication to expanding access and enhancing care for individuals with disabilities across central and western Massachusetts,” said Paul Lavallee, senior relationship manager, TD Bank U.S. “This project shows the power of tax-exempt bonds, which allow organizations like VCS to invest more effectively in community services. Our longstanding partnership with VCS reflects our commitment to meaningful progress that benefits not only the individuals served, but also the broader community.”
Founded in 1975 as South Central Massachusetts Rehabilitative Resources, Venture Community Services promotes independence through a continuum of support, including day programs, community residential services, autism support, and more. In addition to this new facility, the organization operates other day habilitation programs in Dudley, Fitchburg, Gardner, Greenfield, Sturbridge, and Uxbridge. Opportunities available to program participants include nursing services and physical, occupational, and speech therapy; dance movement, cooking, computer skills, and adaptive yoga classes; and more.
“We’re really excited for the opportunity to grow and support more people in our community,” said Kerrie Mason, vice president of advancement and marketing at Venture Community Services. “This expansion allows us to welcome new participants while continuing to provide the personalized care and services individuals rely on.”
