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Tag: tax exempt bond

KIPP Lynn Fund Gets MassDev Bond

KIPP Lynn Fund Gets MassDev Bond

| August 28, 2018

Lynn, MA – MassDevelopment has issued a $25.5 million tax-exempt bond for KIPP Lynn Fund Inc., an affiliate of KIPP Academy Lynn Public Charter School (KIPP Lynn), that will use bond proceeds to buy and renovate a 120,000sf industrial office building at 20 Wheeler Street in Lynn. The architect for the project is Arrowstreet, and […]

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Austen Riggs Ctr. to Renovate

Austen Riggs Ctr. to Renovate

| May 14, 2018

Stockbridge, MA – MassDevelopment has issued a $3.5 million tax-exempt bond for the Austen Riggs Center, a psychiatric hospital and residential treatment center in Stockbridge. Riggs will use bond proceeds to renovate and improve two historic buildings on Main Street used as patient residences.           The renovations at the Elms building […]

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Evergreen Center To Add New Group Homes, Athletic Facility

| March 28, 2018

Milford, MA – MassDevelopment recently issued a $16,370,000 tax-exempt bond for Evergreen Center Inc., a community-based health and human services agency in Milford. Evergreen Center will use bond proceeds to build a 9,635sf athletic center at 345 Fortune Boulevard in Milford, to buy an existing building for use as a group home in Shrewsbury, and to […]

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Lawrence Hospital Plans Renovations

Lawrence Hospital Plans Renovations

| March 8, 2018

Lawrence, MA – MassDevelopment has issued a $65.66 million tax-exempt bond for Lawrence General Hospital, an acute care community hospital serving the Merrimack Valley. Proceeds will be used to make interior and exterior renovations to its campus, including renovating its existing pharmacy, upgrading its boiler plant, and revamping its parking lot. The hospital will also use […]

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Boston Preparatory Charter School Adds Wing

Boston Preparatory Charter School Adds Wing

| December 18, 2017

Boston – MassDevelopment has issued a $12 million tax-exempt bond for Boston Preparatory Charter Public School (Boston Prep) in Boston’s Hyde Park neighborhood. The school is using proceeds to build, furnish, and equip a 32,000sf, three-story wing to expand its recently completed middle and high school and to renovate and reconfigure the main entrance of […]

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CIL Realty to Use $17M MassDev Bond to Renovate and Build 20 Group Homes for People With Developmental Disabilities

CIL Realty to Use $17M MassDev Bond to Renovate and Build 20 Group Homes for People With Developmental Disabilities

| January 12, 2015 | 0 Comments

Boston – MassDevelopment has issued a $16.95 million tax-exempt bond on behalf of the nonprofit CIL Realty of Massachusetts, Inc. (CILRM), which will use the proceeds to acquire land, construct, renovate, furnish, and equip 20 licensed group homes for disabled individuals in Amherst, Brockton, Danvers, Easton, Edgartown, Granby, Hadley, Leicester, Leominster, Montague, Orange, Pittsfield, Plympton, […]

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