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.”