Boston & New England + Massachusetts + Senior Housing | May 16, 2023

MassDevelopment Provides $129M Tax-Exempt Bond for Newton’s Senior Living Community

MassDevelopment has provided a $129 million tax-exempt bond to 2Life Opus Newton, an affiliate of 2Life Communities, to acquire land and construct a senior living community in Newton, Massachusetts.

The new community, Opus Newton, will feature 174 apartments for individuals aged 62 and older, along with various amenities such as a library, café, fitness studio, and more. Construction began in March 2025, with completion expected by mid-2025.

“This new housing development will provide middle-income seniors with an opportunity to downsize and age in community at a vibrant independent living environment,” said Dan Rivera, president and CEO of MassDevelopment. “MassDevelopment is proud to support nonprofit developers like 2Life Communities who propose innovative solutions to the Commonwealth’s housing shortage.”

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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