MassDev Chelsea, TND

Chelsea to Expand Affordable Housing with MassDev Bond

MassDevelopment has issued an approximately $6.89 million tax-exempt bond for The Neighborhood Developers, a nonprofit community development organization in Chelsea. TND is using bond proceeds to buy and demolish a building at 242 Spencer Ave. in Chelsea to build, furnish and equip a 4-story, 34-unit rental apartment facility in its place.

Fall River Charter School Expands With MassDev Bond

MassDevelopment has issued $24.5 million in tax-exempt bonds for Atlantis Charter School in Fall River. The School is using bond proceeds to build, furnish and equip a 98,000-square-foot, 3-story building that will house classrooms, a gymnasium, administrative offices and common areas. Atlantis Charter School is also using bond proceeds to build and equip an outdoor athletic field.

MassDevelopment Provides Nearly $23M In Bonds For JP Nursing Facility

MassDevelopment has issued $22.8 million in tax-exempt bonds for Lutheran Home of Jamaica Plain Inc., a subsidiary of Ascentria Care Alliance Inc. Ascentria used bond proceeds to buy Laurel Ridge Rehabilitation & Skilled Nursing Center, a 120-bed skilled nursing facility in Boston’s Jamaica Plain neighborhood. Berkshire Bank purchased the bonds.

MassDevelopment Awards $1M In Funding For Commonwealth Places Program

MassDevelopment announced it has awarded $1 million in funding for the second year of the Commonwealth Places program during a ribbon cutting at “The Corner Spot,” a community gathering space and business incubator financed by Commonwealth Places. Commonwealth Places, launched in June 2016, is a collaborative effort from MassDevelopment and Patronicity that leverages public...