MassDevelopment Community Service Loan Supports Renovations at Norton’s North Cottage Program
May 3, 2012
MassDevelopment has provided a $100,000 Community Service 501(c)(3) Loan Fund loan to North Cottage Program, Inc., a nonprofit that provides substance abuse rehabilitation at Norton and Attleboro facilities. The organization will use loan proceeds to complete kitchen renovations at 69 Main Street in Norton. The renovations will make the kitchen more functional, compliant with current codes, and able to provide more efficient food service for North Cottage's 200 residents.
â€œThe Community Service 501(c)(3) Loan Fund provides flexible, low-cost financing for nonprofits that provide social services,â€ said MassDevelopment President and CEO Marty Jones. â€œNorth Cottage provides a nurturing place for substance abuse treatment, and this loan will help the organization better serve those in need.â€
Founded in 1970, North Cottage Program provides comprehensive residential substance abuse treatment to addicts who desire recovery and meet standards for admission and participation. The program coordinates with the Massachusetts Department of Public Health for patients and makes treatment available regardless of ability to pay.
â€œNorth Cottage is most appreciative of this loan from MassDevelopment, which enabled us to bring our food service to modern standards,â€ said North Cottage Executive Director Laurence Schneider. â€œThis complete renovation of our food preparation facilities will greatly enhance our ability to provide wholesome meals to our residents.â€
MassDevelopment, the state's finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2011, MassDevelopment financed or managed more than 300 projects generating investment of $3.8 billion in the Massachusetts economy. These projects are projected to create more than 10,000 jobs (2,547 permanent and 8,129 construction), and build or rehabilitate more than 1,000 residential units.