Mass Development posted CIL Realty Uses $29 Million MassDevelopment Bond to Renovate and Build 27 Community Residences for I Mass Development Forest Park - Springfield:

CIL Realty Uses $29 Million MassDevelopment Bond to Renovate and Build 27 Community Residences for I

MassDevelopment has issued a $29,210,000 tax-exempt bond on behalf of the nonprofit CIL Realty of Massachusetts, Inc. (CILRM), which will use bond proceeds to buy, construct, and/or renovate 27 community residences for developmentally disabled individuals in Boston, Boylston, Burlington, Canton, Chicopee, Deerfield, East Longmeadow, Easthampton, Franklin, Greenfield, Holyoke, Longmeadow, Ludlow, Millis, Newton, Plainville, Sturbridge, Swansea, Templeton, Walpole, Wareham, Westfield, Whately, and Wilbraham. M&T Bank purchased this bond, which will also be used to refinance previously issued debt.
All 27 community residences will be leased to providers of care for people with developmental disabilities. Each facility will be operated and managed…

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