Gándara Center Expands Services

MassDevelopment issued a $1,256,000 tax-exempt bond on behalf of Gándara Mental Health Center, Inc., which is using proceeds to renovate and equip a 9,610-square-foot building at 85 St. George Road in Springfield where the organization will expand to provide additional culturally sensitive behavioral health services to children, adults, and families. The tax-exempt bond, purchased by CSB Colts, Inc., an affiliate of Westfield Bank, helped Gándara Mental Health Center, Inc. achieve a lower cost of capital. MassDevelopment has previously supported Gándara Mental Health Center: in 2022, the agency issued a $4.3 million tax-exempt bond to help the organization buy and renovate a 13,200-square-foot office building at 933 East Columbus Ave. in Springfield to anchor its corporate offices.