MassDevelopment has provided a $129 million tax-exempt bond to 2Life Opus Newton, an affiliate of 2Life Communities, for the acquisition of land and construction of a senior living community in Newton, Massachusetts. The new development will offer 174 apartments for individuals aged 62 and older with amenities such as library, café and fitness studio. Construction began in March 2025 with completion expected by mid-2025.
Dan Rivera, president and CEO at MassDevelopment commented: “This housing development provides middle-income seniors an opportunity to downsize while aging within their own vibrant independent living environment.” He added that MassDevelopment is proud to support nonprofit developers like 2Life Communities who propose innovative solutions towards addressing the Commonwealth’s housing shortage.
