Boston, MA – Rockland Trust has provided over $13 million in financing to MAB Community Services (MAB) to purchase sixteen group homes, which have been leased to house individuals MAB has served for as long as 18 years.
MAB has a long-standing commitment of transforming the lives of those with disabilities. This transaction will enable MAB to control the costs associated with the vital services they deliver to their 80 residents.
“By financing the purchase of these houses, Rockland Trust is allowing MAB to stabilize the housing of more than 80 individuals with intellectual disabilities and brain injuries. This is about allowing vulnerable people to remain in their homes; it’s more than a real estate transaction,” said Barbara Salisbury, Chief Executive Officer at MAB Community Services.
“As a community-oriented bank, Rockland Trust is always looking for opportunities to invest in the neighborhoods we serve”, said David Lawson, Vice President, Commercial Loan Officer at Rockland Trust. “We are honored to partner with MAB, financing this critical transaction which supports their mission and aids their ability to create opportunities for individuals with disabilities throughout our community.”
Below is an outline of properties that are included for this acquisition:
· Blanchard Rd. Belmont, MA
· Brighton St. Belmont, MA
· Dummer St. Brookline, MA
· Woodcliff Rd. Brookline, MA
· Carol Dr. Dedham, MA
· Cass Ave. Dedham, MA
· Joan Rd. Hyde Park, MA
· Summer St. Hyde Park, MA
· Thatcher St. Hyde Park, MA
· West Milton St. Hyde Park, MA
· Mary Ellen Rd. Newton, MA
· Wetherell St. Newton, MA
· Durnell Ave. Roslindale, MA
· Northdale Rd. West Roxbury, MA
· Church St. West Roxbury, MA
· Meadowbrook Rd. Westwood, MA
About MAB Community Services
MAB Community Services has been creating opportunities for people with disabilities since 1903. Formerly known as the Massachusetts Association for the Blind, MAB is the nation’s oldest social service agency assisting individuals with blindness or visual impairment. Over time, MAB has grown to serve people with a wider range of disabilities. MAB’s three divisions are the Massachusetts Association for the Blind and Visually Impaired, which offers a variety of services statewide; the Ivy Street School, which serves a neurodiverse population of students, including those on the autism spectrum, with behavioral health challenges, and with brain injuries; and Adult Disability Services, which serves individuals with intellectual disabilities and brain injuries.
Founded in 1973, MAB’s Adult Disability Services division offers 29 community-based group homes with 24/7 support. Through each division and program, MAB’s goal is to provide the support needed for each person to actively participate in their community and life and to live a full and satisfying life.
