Webster Bank will provide $7.75 million in financing for Kennedy-Donovan Center, a Foxborough-based nonprofit human services agency.

The financing package includes Waterbury, Conn.-based Webster’s purchase of $5.75 million in tax-exempt bonds from MassDevelopment and a $2 million line of credit for working capital. Webster has also been named Kennedy-Donovan Center’s primary bank.

The financing package will enable Kennedy-Donovan Center to build a new program center in Kingston, renovate its Attleboro program center, and acquire or refinance seven additional properties, mostly group homes.

"MassDevelopment, Webster Bank and KDC worked together to create financial stability for our organization," said Rick Bornstein, Kennedy-Donovan Center’s chief financial officer. "By working with MassDevelopment to obtain these tax-exempt bonds, and then Webster Bank, which bought the bonds, we were able to acquire favorable interest rates and control our long-term costs."

"Our mission at Webster Bank is to help our customers achieve their financial goals," said Tom Brady, senior vice president, commercial banking. "Working hand-in-hand with MassDevelopment, we were able to do that for Kennedy-Donovan Center and ultimately for the people who rely on the critical services and care they provide."