Marlborough, MA – MassDevelopment has issued a $16 million tax-exempt bond on behalf of Hillside School, an all-boys independent boarding and day school in Marlborough, which will use a portion of bond proceeds to build and equip two new 16-unit dormitories.
HarborOne Bank purchased the bond, which will also be used to refinance previously issued debt.
Founded in 1901 and located on a 150-acre campus, Hillside School provides students in grades 5-9 with structured, supportive, and challenging academic opportunities in preparation for secondary school.
Hillside’s family-oriented residential environment allows boarding and day students to develop academically, physically, spiritually, and socially while building their confidence and maturity. The school enrolls approximately 165 students, and boasts a four-to-one student to faculty ratio.