Lancaster, MA – MassDevelopment has issued a $17,080,000 tax-exempt bond on behalf of Doctor Franklin Perkins School (Perkins), a nonprofit human services provider and school in Lancaster serving children and adults from across New England.
The organization will use bond proceeds and philanthropic contributions to demolish an existing building and build a new middle school and student residence, both of which will replace aging buildings and provide new opportunities for individualized care and support programs. Perkins will also use bond proceeds to build an arts education wing onto the school’s existing Janeway Education Center, creating space for another science classroom in the main building.
Construction on this phase of the school’s campus improvements began in September and it is expected to be complete by fall 2021. TD bank purchased the bond, which was also used to refinance previously issued debt.
Founded in 1896, the Doctor Franklin Perkins School offers day and residential services, including education for children and adults with mental health, developmental, and educational challenges.