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Boston & New England  + Metro Boston  + Finance  | 

Rockland Trust Provides Financing to Expand Disability Housing

Corporation for Independent Living (CIL) secured $20.1 million in financing from Rockland Trust for the development and customized building of 15 group homes across Massachusetts to care for people with intellectual and developmental disabilities or acquired brain injuries. Each group home within this project will provide a residence for either four or six individuals.

Furthermore, CIL secured an additional $8.5 million in financing from Rockland Trust to finance the acquisition, renovation, and construction of community-based homes in partnership with nonprofit service providers. This allows CIL to work anywhere in the continental U.S.

“CIL is helping to create more housing opportunities for vulnerable individuals during a time of significant need.” said David Semenza, commercial banking officer at Rockland Trust. “This is more than just a loan. It is a commitment to building stronger, more inclusive communities for all of our neighbors. We are grateful for this opportunity and proud to support CIL’s mission.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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