The Massachusetts Historical Society is its renovating building at 1154 Boylston St. in Boston.

The independent research library received a $1.5 million tax-exempt bond from MassDevelopment to assist with renovations and repairs, including removing, repairing or replacing balustrades and parapets on the Boylston Street and Fenway side of the fourth floor roof; working on steel beams and masonry; and replacing roofs on the fourth and sixth floor and elevator tower. Bond proceeds will also be used to buy and install video production equipment, lighting and sound systems. First Republic Bank purchased the bond.

“For centuries, the Massachusetts Historical Society has explored, preserved, and showcased our history,” MassDevelopment President and CEO Marty Jones said in a statement. “Through its bond programs and its role in the Cultural Facilities Fund, MassDevelopment is pleased to help the Massachusetts Historical Society and other cultural institutions make necessary facility improvements so they can continue to educate and entertain the public.”