High Point, the largest provider of addiction and mental health treatment in Massachusetts, needed funding to acquire and renovate a 60,000-square-foot facility on a Middleborough site that had been vacant for more than a decade. As part of this transaction, High Point also sought financing for other regional construction projects. MassDevelopment provided $19 million in tax-exempt bonds and $8 million of New Markets Tax Credit financing. This total financing solution allows High Point to expand services in the region and generate jobs. This project created nearly 300 clinical and construction jobs, enabled High Point to serve 4,000 more patients, and addressed a growing health concern.
Spokane, WA (2006)