William James College
Newton, MA – MassDevelopment has issued an $18.4 million tax-exempt bond on behalf of William James College, formerly the Massachusetts School of Professional Psychology. The Newton college is using bond proceeds to buy and renovate a building it currently leases, along with refinancing a previous MassDevelopment bond and capital lease.
Founded in 1974, the college offers graduate degrees and certificates in clinical, school, forensic, counseling, and organizational psychology, as well as executive coaching.
-more-
With special programs dedicated to military and multicultural mental health, the college is committed to helping diverse populations overcome adversity. The training programs enable graduates to work as consultants and clinicians in schools, courts, hospitals, rehabilitation centers, substance abuse recovery programs, community mental health centers, businesses, and private practice.
East Boston Savings Bank purchased the bond, and William James College expects to create 15 jobs as a result of the project. SJ Advisors assisted the college in obtaining the financing.
“Through this bond, William James College saves money by refinancing previous debt and owning rather than leasing a crucial campus building,” said MassDevelopment President and CEO Marty Jones, “This project helps the College devote more resources to its training programs and academics.”
“This expansion gives William James College the chance to continue to build its programming and offer more resources and opportunities for students,” said Dan Brent, Treasurer and Chief Financial Officer of William James College. “We hope this growth allows our students to expand their reach into the community as they apply their classroom learning in the field.”
