The Barry L. Price Rehabilitation Center Inc. is buying and renovating a 52,000-square-foot building in Newton with support from a $6.97 million tax-exempt bond from MassDevelopment.

The Newton-based nonprofit that provides clinical, therapeutic and support services to individuals and families managing a range physical and cognitive disabilities, will consolidate the center’s main offices and two other sites in the new space, located at is 25-27 Christina St. Bond proceeds will also refinance previous debt. The Village Bank purchased the bond.

“The Price Center’s services help individuals with disabilities become independent and integrated members of the community,” MassDevelopment President and CEO Marty Jones said in a statement. “This tax-exempt bond will help the center bring many services under one roof and devote more resources to its important programming.”

The Barry L. Price Rehabilitation Center was founded in 1977 to provide individual-centered services to adults with developmental disabilities in eastern Massachusetts. Today, the center offers residential programs in Brookline and Newton; day habilitation and intensive day habilitation programs in Newton and Dedham; and employment services in greater Boston.