Waltham, MA – MassDevelopment has issued a $20 million tax-exempt bond for Brandeis University, a private university in Waltham. The University is using bond proceeds to complete various capital projects throughout its campus, including improving utilities; repairing foundations; upgrading HVAC, boiler, fire alarm, and lighting systems; and replacing windows, doors, patios, and roofs at various buildings and residence halls. TD Bank purchased the bond.
MassDevelopment previously partnered with the University in 2011 when the Agency provided a $10 million tax-exempt lease that Brandeis used to buy equipment and renovate its pool and information technology networks. In 2013, MassDevelopment provided $36.5 million in tax-exempt bond financing for Brandeis, which the University used to refinance past debt, build a 7,000sf children’s center, and for other capital purposes.
