MassDevelopment has issued a $1.2 million tax-exempt bond on behalf of the ARC of Greater Plymouth Inc., which supports people with developmental disabilities and their families, to expand their facility.
The nonprofit organization will use bond proceeds to buy and renovate an 11,000-square-foot building in Plymouth that will house administrative offices and program space. Renovations will make the building handicap accessible. Webster Massachusetts Securities Corporation purchased the bond.
"The ARC of Greater Plymouth seeks to increase access to its services to support more Commonwealth residents," MassDevelopment President and CEO Marty Jones said in a statement. "We are pleased to leverage this low-cost financing so individuals and their families on the South Shore can benefit from all the ARC has to offer."
