Curry College, a private liberal arts college in Milton, will use a MassDevelopment bond to partially fund the renovation of its science facility.

The $9.8 million in bond proceeds will help create new science labs, classrooms and offices, and to install new lighting and mechanical systems. The college is also using proceeds to help build a 20,000-square-foot “learning commons” that will connect the science building to the library. The learning commons will feature common areas, meeting rooms and study spaces equipped with technology and resources that support learning in and outside the classroom.

“This bond will allow Curry College to renovate its campus to emphasize STEM learning and continue to provide an outstanding learning environment in the commonwealth,” MassDevelopment President and CEO Marty Jones said in a statement. “MassDevelopment is pleased to leverage low-cost tax-exempt financing to help make this project a reality.”

Curry College enrolls 2,000 traditional undergraduate students, 1,400 continuing education students and more than 300 graduate students.

East Boston Savings Bank purchased the bond.