Dighton-based CIL Realty of Massachusetts has been given $12.1 million in tax-exempt bonds from MassDevelopment to acquire, construct and/or renovate 13 properties and transform them into licensed community-based group homes for disabled individuals.

The properties are located in Abington, Athol, Barre, Belchertown, Easthampton, Hadley, Holden, Monson, Tewksbury, Ware and Westborough, according to a statement.

"This win-win project will provide critical services for those who need them most and create scores of jobs throughout the commonwealth," said MassDevelopment President and CEO Marty Jones. "Along with our state government partners in the Division of Capital Asset Management and the Department of Development Services, MassDevelopment is pleased to work with CIL Realty to help it fulfill its vital mission."

"We are very pleased to be working with MassDevelopment on this critical financing and truly appreciate all the support and assistance we have received from their staff," said Martin Legault, president and CEO of CIL.

CIL Realty To Renovate 13 Bay State Properties

by Banker & Tradesman time to read: 1 min
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