CIL Realty of Massachusetts Inc. (CILRM) has received a $16.95 million MassDevelopment bond to create housing for disabled individuals across the state.
CILRM will use the proceeds to acquire land, construct, renovate, furnish and equip 20 licensed group homes for individuals with developmental disabilities in Amherst, Brockton, Danvers, Easton, Edgartown, Granby, Hadley, Leicester, Leominster, Montague, Orange, Pittsfield, Plympton, Randolph, Rockland, Sandwich, South Hadley and Walpole. The nonprofit currently owns 16 of the 20 facilities, which were financed through a construction line of credit that will be refinanced through the proposed bond issue.
All 20 group homes will be leased to care providers for people with developmental disabilities. Each facility will be operated and managed by the organization leasing the residence and will house four to six Massachusetts residents with developmental disabilities. The project is expected to create 183 new jobs and 39 construction jobs.
CILRM owns 120 such residences in Massachusetts.
"CIL Realty of Massachusetts’s valuable services help people with developmental disabilities live in supportive settings," President and CEO of MassDevelopment Marty Jones said in a statement. "MassDevelopment is pleased to continue our partnership with CILRM to help this nonprofit expand and renovate its homes in the Commonwealth to benefit a needy population."
