MassDevelopment is considering approval of a conduit bond financing for a project being undertaken by Gándara Mental Health Center, Inc. in the cities listed on the attached notice. By having MassDevelopment issue the bonds, they can be sold to investors at a lower interest rate because interest on the bonds is exempt from federal income tax.
In connection with the proposed financing, MassDevelopment is holding a public hearing, as required by Section 147(f)(2)(B)(i) of the Internal Revenue Code, on November 18, 2021 at 11:00 AM. The hearing is solely for the purpose of receiving comments, if any, from interested parties, and there will be no presentation on the project. Comments may also be provided to the Agency in writing or email prior to the meeting. MassDevelopment will be providing remote access to all its TEFRA public hearings during the COVID-19 State of Emergency. Please check the TEFRA notice posted for each particular TEFRA hearing for a phone number and access code for that particular hearing. Persons desiring to participate in a public hearing must make a written request at least 24 hours prior to the hearing by email to tefrahearinginfo@MassDevelopment.com or by mail to MassDevelopment, 99 High Street, Boston, MA 02110, Attn: TEFRA Hearings. A copy of the public hearing notice is attached or can be read at our website here: https://www.massdevelopment.com/who-we-are/meeting-notices/tefra-notices
For additional information, please do not hesitate to contact the borrower directly or the undersigned at 413-755-1350.
As the Commonwealth’s finance and development authority, MassDevelopment helps municipalities with a variety of programs that promote economic development, including financing and real estate programs.