MASSACHUSETTS DEVELOPMENT FINANCE AGENCY HEARING

Notice is hereby given that a public hearing will be conducted by the Massachusetts Development Finance Agency (“MassDevelopment”) at 10:00 a.m. on October 1, 2026, at its offices located at 99 High Street, 11^th Floor, Boston, Massachusetts, with respect to the proposed issuance by MassDevelopment, acting under and pursuant to Massachusetts General Laws, Chapters 23G and 40D, as amended, of bonds in the maximum aggregate principal amount of $70,000,000 (the “Bonds”) in one or more series pursuant to a plan of finance. The total estimated costs of the below defined Project are $70,000,000.

The Bonds will be issued to provide for the financing and/or refinancing of, and the reimbursement of funds advanced by Compassionate Care Communities Inc., a Delaware nonstock corporation (the “Institution,” which term includes for purposes of this Notice any parent, subsidiary or other affiliate thereof), for the purpose of financing the acquisition, construction, rehabilitation, equipping, and improvement of certain property owned or to be owned and operated by the Institution, including the property and facilities that are located at and adjacent thereto with the address of 107 & 111 Highland Street, Milton, Massachusetts, to be known as Avita of Milton, and to be comprised of an approximately 54,000 square foot building that sits on 10.48 acres and shall be comprised of a 70-unit, 78-bed memory care community (the “Facility”) (including without limitation such financing, refinancing or reimbursement of bond reserves, capitalized interest, issuance costs, and directly related working capital expenditures to the extent permitted by law), generally consisting of the (i) acquisition, construction, rehabilitation, equipping, and improvement of the Facility, (ii) funding a debt service reserve fund, (iii) funding working capital costs directly related to the project, to the extent permitted by law, and (iv) paying all or a portion of the costs of issuance of the Bonds, which is collectively referred to herein as the “Project” and which are in furtherance of the exempt purpose of the Institution.

The proceeds of the Bonds will be loaned to the Institution pursuant to a Loan and Trust Agreement (the “Loan Agreement”) by and among the Institution, MassDevelopment and a trustee named therein.  To secure the payments under the Loan Agreement, the Institution (the “Obligated Group” or “Obligated Group Member”) will issue obligations to the trustee named therein pursuant to a Master Trust Indenture and a First Supplemental Indenture, both between the Obligated Group Member and the trustee named therein, and the Obligated Group Member will provide a mortgage to the trustee named therein on the Facility.

            The Bonds, which will constitute qualified 501(c)(3) bonds for charitable purposes, will not constitute a general obligation of, or a pledge of the faith and credit of the MassDevelopment or a general obligation of, or a debt, or pledge of the faith and credit of the Commonwealth.

Interested persons wishing to express their views on the Project and the proposed issuance of revenue bonds to finance and refinance the costs of such Project will be given the opportunity to do so at the public hearing or may, prior to the time of the public hearing, submit their views in writing to Massachusetts Development Finance Agency, 99 High Street, 11th Floor, Boston, Massachusetts 02110.