Good Shepherd Community Care Receives Bond

| February 27, 2020

Newton, MA – MassDevelopment has issued a $5,120,000 tax-exempt bond on behalf of Good Shepherd Community Care, a not-for-profit health care organization providing hospice and palliative care services. The organization will use bond proceeds to buy, renovate, and equip an approximately 19,000sf building at 160 Wells Avenue in Newton.

Good Shepherd will relocate from its current headquarters at 90 Wells Avenue to the new, larger building, where it expects to reach more than 2,000 patients and families – doubling its capacity to serve. The Village Bank purchased the bond.

In 2013, MassDevelopment issued a $2,280,000 tax-exempt bond to help the organization buy its current headquarters building at 90 Wells Avenue. Since then, Good Shepherd has grown its workforce from approximately 90 employees to over 180 employees. The organization plans to double its workforce again over the next few years after moving to the new headquarters.

Founded in 1978 as Hospice of the Good Shepherd, Good Shepherd Community Care was Massachusetts’ first hospice. The organization provides skilled, compassionate, and comprehensive care to people with life-limiting illnesses living in their homes, nursing homes, or assisted living facilities. Good Shepherd helps patients live as fully, independently, and comfortably as possible, while also providing support to patients’ families.

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Category: All, Healthcare, Restoration/Renovation

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