Milford Human Services Agency to Use MassDevelopment Bond to Add New Group Homes, Athletic Facility
March 27, 2018
FOR IMMEDIATE RELEASE
Contacts:
Meggie Quackenbush, MassDevelopment, 617-330-2011 & 857-208-2777 (cell)
mquackenbush@massdevelopment.com
Judy Hurlburt, Evergreen Center, 508-478-2631
jhurlburt@evergreenctr.org
MassDevelopment has issued a $16,370,000 tax-exempt bond for Evergreen Center Inc., a community-based health and human services agency in Milford. Evergreen Center will use bond proceeds to build a 9,635-square-foot athletic center at 345 Fortune Boulevard in Milford, to buy an existing building for use as a group home in Shrewsbury, and to refinance debt used to purchase land on which to build several group homes in Uxbridge, Mendon, and Northbridge. Evergreen Center will also use bond proceeds to refinance previously issued debt. TD Bank purchased the bond.
“Evergreen Center provides individuals with developmental disabilities living in central Massachusetts high-quality instruction and care through daily activities and secure living environments,” said MassDevelopment President and CEO Lauren Liss. “MassDevelopment is proud to support this project, which will expand Evergreen Center’s reach with new, modern group homes and a state-of-the-art athletic facility for the agency’s clients.”
Dr. Robert Littleton Jr. founded Evergreen Center in 1982. The Center assists about 300 disabled individuals and their families every year by providing a range of essential human service programs in 22 locations throughout central and eastern Massachusetts. Evergreen Center employs an interdisciplinary team of professionals who have the specialized skills necessary for the agency’s population. The Center also offers internships and graduate training in applied behavioral analysis through affiliations with regional institutions of higher learning.
“Financing facilities that provide quality human services is a challenging task. The favorable rates and terms made available through tax-exempt financings such as this make a tremendous difference in the ability of Evergreen Center to achieve its mission. Our Board of Directors, families, staff, and students are grateful for the efforts of everyone involved and look forward to using these vital new resources to benefit citizens of the Commonwealth for decades to come,” said Evergreen Center President Dr. Robert F. Littleton Jr.
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2017, MassDevelopment financed or managed 377 projects generating investment of more than $4.3 billion in the Massachusetts economy. These projects are projected to create about 9,488 jobs and build or rehabilitate 1,863 residential units.
