New Dorm Underway at Eagle Hill School
MassDevelopment & Cambridge Savings Bank Partner to Deliver $12 Million Tax-Exempt Bond to Help Boarding School Build New Dormitory on Hardwick Campus
March 09, 2026
Kiara Ford, 978-844-1380
kford@massdevelopment.com
HARDWICK, Mass. – MassDevelopment has issued a $12 million tax-exempt bond on behalf of Eagle Hill Foundation of Massachusetts, Inc. Eagle Hill School is a boarding school in Hardwick that provides customized courses of study for students with diverse learning profiles in grades eight through 12. Bond proceeds will be used to build and equip a new two-story, 26,000-square-foot dormitory on the school’s campus, which will create 59 new rooms for students and four new apartments for Eagle Hill School faculty. Construction began in January 2026 and is expected to be completed by April 2027. The new construction will replace an older dormitory and will not increase overall student capacity. The tax-exempt bond, purchased by Cambridge Savings Bank, helped the borrower achieve a lower cost of capital.
“Talent is Massachusetts’ greatest strength, and our educational institutions are the foundation of that talent pipeline,” said Economic Development Secretary Eric Paley, who serves as Chair of MassDevelopment’s Board of Directors. “When we invest in the places where students learn, live and grow, we are strengthening our future workforce and our economy. We are proud to see MassDevelopment and Cambridge Savings Bank support Eagle Hill School as it continues to enhance an already strong educational environment.”
“MassDevelopment is pleased to partner with Cambridge Savings Bank to deliver tax-exempt financing for Eagle Hill School,” said MassDevelopment President and CEO Navjeet Bal. “This new, state-of-the-art dormitory will enhance the school’s scenic Hardwick campus and provide a home away from home where students can learn and grow for years to come.”
“This project reflects the collaboration between the town of Hardwick and its community partners,” said Hardwick Town Administrator Justine Caggiano. “I am proud of the work Eagle Hill School does in making a difference for the students they serve and hope to continue the relationship for years to come.”
“Community banking is about investing in institutions that strengthen the fabric of Massachusetts,” said Barbara Crystal, Senior Vice President, Corporate Banking Relationship Manager at Cambridge Savings Bank. “We are proud of our continued partnership with Eagle Hill School, knowing that this new dormitory will support student life on campus and contribute to the long-term vitality of the community."
Eagle Hill School is a coeducational college preparatory boarding school that provides an individualized education for students with diverse learning profiles, including those identified as having dyslexia, dysgraphia, dyscalculia and ADHD. Core to Eagle Hill is its belief in learning diversity and understanding that each student’s path to the future will be unique.
“We are grateful to MassDevelopment for helping us take this important step forward in advancing Eagle Hill’s mission,” said Erin Wynne, Eagle Hill School’s Head of School. “Our work has always centered on ensuring that students with diverse learning profiles have the environment, resources, and support they need to discover their strengths and succeed. This new dormitory directly strengthens that commitment by providing a superior living experience, fostering both independence and social connectivity, while harmonizing with the existing residential life model and campus landscape. We also appreciate the Town of Hardwick’s partnership throughout this process; our connection to the community is an important part of the Eagle Hill experience. Together, this project will help us continue providing transformative opportunities for our students for years to come.”
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.