MassDevelopment Bond Helps Taunton Human Services Organization Expand
October 27, 2016
FOR IMMEDIATE RELEASE
Meggie Quackenbush, MassDevelopment, 617-330-2011 & 857-208-2777 (cell)
Kathleen M. Tunney, AHS, Inc., 508-880-0202 ext. 309
MassDevelopment has issued a $2.9 million tax-exempt bond on behalf of Associates for Human Services, Inc. (AHS), a nonprofit organization in Taunton that provides a wide range of support services to individuals experiencing medical conditions, developmental disabilities and economic disadvantages. AHS is using bond proceeds to build an addition to its Taunton location for program space. The organization is also using proceeds to refund past debt, and Bristol County Savings Bank purchased the bond.
“Associates for Human Services’ compassionate and compelling programs make a difference for the disadvantaged and vulnerable individuals the organization serves,” said MassDevelopment President and CEO Marty Jones. “This MassDevelopment bond will help Associates for Human Services expand the reach of its critical services for children and families in greater Taunton.”
Associates for Human Services, Inc. (AHS) is a nonprofit organization founded in 1974 to meet a range of human services needs in greater Taunton. AHS provides support services for infants and toddlers, youth, adults, and seniors experiencing developmental disabilities or delays, as well as families struggling economically. AHS offers Early Intervention, Early Head Start, Taunton Area School to Career, and the Wise Adult Day Health Program.
“Our CFO worked diligently with MassDevelopment and our bank, BCSB, to put together an efficient, thorough financing package that puts AHS in a position to expand,” said Kit Tunney, AHS President and Executive Director. “The additional space will enhance our staff's ability to make a difference in the lives of infants, toddlers, youth and seniors every day, on home visits, in the community, and at the center.”
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2016, MassDevelopment financed or managed 352 projects generating investment of more than $4 billion in the Massachusetts economy. These projects are projected to create about 8,200 jobs and build or rehabilitate about 4,200 residential units.