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D’Youville Life & Wellness Community

Success Story

D’Youville Life & Wellness Community provides affordable assisted living for seniors with low to moderate incomes. When funds were needed to build a 60-unit residence for elderly folks in Lowell regardless of their ability to pay, D’Youville turned to MassDevelopment. We issued an $8 million tax-exempt bond on behalf of the organization. Enterprise Bank & Trust Company purchased the bond. The project was the first of its kind in the region. It created a safe, comfortable living environment for seniors, including restaurant-style dining, a café, a fitness center, a wellness center, and an outdoor garden.