Hebrew SeniorLife gets $457m for Senior Housing Complex

Hebrew SeniorLife, the Roslindale nonprofit that operates elder housing, healthcare, and research facilities, secured $457 million in funding last week.  Construction on the $485 million dollar project began last summer and is scheduled to be completed in 2009.  The community in Dedham will house about 800 seniors and have home for independent living, assisted living units, and beds for long- and short-term care.

Financing for NewBridge on the Charles was arranged by MassDevelopment, the quasi-public agency that promotes growth in the state, and the Massachusetts Health and Educational Facility Authority, a funding agency.

For more information on the development, click here.