MassDevelopment has issued a $2.45 million tax-exempt bond on behalf of Child & Family Services Inc., a regional nonprofit based in southeastern Massachusetts that provides mental health services, community support, and adoption services. The organization will use bond proceeds to purchase and renovate the land and building at 3057 Acushnet Ave. in New Bedford. Taunton Avenue Securities Corp. purchased the bond.

"Child & Family Services Inc. is a resource that can provide greater New Bedford with an array of mental health supportive services," said MassDevelopment president and CEO Marty Jones in a statement. "We’re pleased to help finance the purchase and renovation of its building in order to bring quality care to children, teens, and adults."

Child & Family Services Inc. offers mental health assessment, therapy, community support, and adoption services. The community support division provides role models for children; support and advocacy for young parents; pregnancy-prevention counseling; case-management services to families; sexual-abuse counseling; and parent counseling. The organization also helps families adopt infants, older children, and special-needs children.

The 170-year-old Child & Family employs 290 staff in New Bedford and 481statewide, and serves more than18,000 people.

In the search for a new building to serve as our headquarters, "our priority was to continue the physical presence in New Bedford that we’ve always had," said Anne Sampaio, Child & Family’s executive director in a statement.  "Purchasing this building will retain jobs in New Bedford, aid in our sustainability, and increase our capacity for growth. We are grateful to MassDevelopment for helping us to accomplish our goals."