| MassDevelopment has issued a $4.75 million tax-exempt bond for Derby Academy, a private school in Hingham. The bond will be used to purchase two residential properties near the 23-acre campus and will be used for administrative offices, academic programs or faculty housing.
Taunton Avenue Securities Corp., a subsidiary of Rockland Trust Co., purchased the bond. The school currently enrolls 320 students from 18 towns across the state.
