MassDevelopment and TD issued a $2.76M tax-exempt bond for Venture Community Services to acquire and renovate a 19,130-SF facility at 245 W. Main St. in Dudley, MA, expanding day habilitation and disability support services.
Venture Community Services, a central Massachusetts nonprofit with roots dating to 1975, has added a day habilitation facility in Dudley through bond financing arranged by MassDevelopment and purchased by TD Bank.
Founded as South Central Massachusetts Rehabilitative Resources, Venture Community Services operates across a broad geographic footprint, running day programs in Dudley, Fitchburg, Gardner, Greenfield, Sturbridge, and Uxbridge. Its programming includes nursing services, physical and occupational therapy, speech therapy, and adaptive recreational offerings such as yoga, cooking, and computer skills instruction.
Bond proceeds funded the acquisition and renovation of a 19,130-SF building at 245 W. Main St. in Dudley. The property now serves as a day habilitation site while also supporting additional programming for clients with disabilities. MassDevelopment has a prior financing relationship with the organization, having issued a $1.55 million tax-exempt bond in 2017 for a day facility in Uxbridge.
Tax-exempt bond financing, commonly used by nonprofits to reduce borrowing costs, allows mission-driven organizations to access capital at rates below conventional commercial lending. MassDevelopment, which reported financing or managing 409 projects totaling more than $4.65 billion in FY2025, administers such instruments on behalf of qualifying borrowers in Massachusetts.
According to a release from MassDevelopment, TD purchased a $2,760,000 tax-exempt bond on behalf of Venture Community Services for the 19,130-SF building at 245 W. Main St. in Dudley, Massachusetts.