MassDevelopment
Celebrating 20 Years

Veritas Preparatory Charter School

Veritas Preparatory Charter School in Springfield provides a rigorous college preparatory education for students from fifth to eighth grade. The school needed financing to purchase its current building, a former nursing home. MassDevelopment issued a $3.6 million tax-exempt bond on behalf of the school, and enhanced it with a guarantee. PB Partners Inc., an affiliate of PeoplesBank, purchased the bond. The financing helped Veritas fulfill its dream of owning the property and providing a permanent, stable place for students to learn and grow.

Featured in MassDevelopment's 2017 Annual Report