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Tax-Exempt Bond Helps Finance New Seniors Housing in Lynn

MassDevelopment has issued a $29-million tax-exempt bond on behalf of 2Life Solimine 4% LLC, an affiliate of 2Life Communities Inc., which is developing 150 new units of seniors housing at 500 Lynnfie

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Summary

MassDevelopment has issued a $29-million tax-exempt bond on behalf of 2Life Solimine 4% LLC, an affiliate of 2Life Communities Inc.

, which is developing 150 new units of seniors housing at 500 Lynnfield St.

in Lynn. The bond supports construction of 105 of the project’s 150 total housing units and was purchased by Citizens Bank. In...

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