MassDevelopment Issues $3.6 Million Bond to Help Human Services Provider Expand in Raynham

April 29, 2026

Kiara Ford, 978-844-1380
kford@massdevelopment.com

RAYNHAM, Mass. – MassDevelopment issued a $3.6 million tax-exempt bond on behalf of Cooperative Production Inc. to help the nonprofit human services provider buy a facility in Raynham where it will relocate its corporate offices and day programs and expand to serve additional clients. Eastern Bank purchased the tax-exempt bond, which helped Cooperative Production achieve a lower cost of capital.

“Organizations like Cooperative Production provide critical services that make a meaningful difference in the lives of individuals with disabilities and the families who support them,” said Economic Development Secretary Eric Paley, who serves as chair of MassDevelopment’s Board of Directors. “Expanding access to modern, high-quality facilities helps ensure more people can receive the care, structure and community they deserve.”

“MassDevelopment is pleased to partner with Eastern Bank to help Cooperative Production grow its impact across southeastern Massachusetts through the purchase of a new building in Raynham,” said MassDevelopment President and CEO Navjeet Bal. “This new facility will empower an important organization to hire more staff and reach more individuals through its day programs.”

Cooperative Production is using bond proceeds to buy a two-story, 37,050-square-foot commercial building located at 475 Paramount Drive in Raynham, where it is relocating from its leased space in Dighton. The first floor of the building will house day programs serving adults and transition-age students with developmental and intellectual disabilities and brain injuries, while the second floor will house the organization’s corporate offices. Cooperative Production expects to create 16 full-time jobs over the next three years and serve up to an additional 40 clients in its day program.

“This new and more modern building is a strategic investment in Cooperative Production’s mission and incredibly important and impactful work, and Eastern Bank is proud to support the project with tax-exempt bond financing expertise,” said Lisa Sheehan, Senior Vice President of Community Development Lending at Eastern Bank.

“This is a defining moment for Cooperative Production,” said Michael Cancilliere, President and CEO of Cooperative Production. “For more than 50 years, we have been committed to supporting individuals with disabilities and brain injuries as valued members of their communities. This new facility builds on that foundation by expanding our day programs, strengthening our services, and creating a more integrated environment for both our staff and the people we serve. We are proud to continue investing in our community in ways that drive growth, opportunity, and long-term impact. Most importantly, it expands what is possible for the people we serve.”

Cooperative Production is a nonprofit dedicated to helping individuals with disabilities and brain injuries. Founded in 1972, Cooperative Production evolved from a single vocational program into an organization that provides a variety of residential, employment, and day services through 31 homes and five-day programs. Today, Cooperative Production supports more than 300 people throughout southeastern Massachusetts.

MassDevelopment, the state’s development finance agency and land bank, delivers financing solutions, real estate expertise, and other assistance to strengthen and grow the Massachusetts economy. We partner with businesses, nonprofits, developers, banks, and municipalities, providing resources to help create jobs, build housing, and foster vibrant communities across the state. During FY2025, MassDevelopment financed or managed 409 projects generating investment of more than $4.65 billion in the Massachusetts economy. These projects are estimated to create or support 25,246 jobs and build or preserve 2,867 housing units.