A Christian liberal arts college in Quincy is upgrading its campus with a $23 million tax-exempt bond from MassDevelopment.

Eastern Nazarene College (ENC) is using bond proceeds to finance a number of campus improvements and renovations, including upgrades to its academic and athletic facilities, as well as refinance debt. East Boston Savings Bank purchased the bond.

"Massachusetts has a national reputation for educational prowess thanks to institutions like Eastern Nazarene," MassDevelopment President and CEO Marty Jones said in a statement. "Academics and athletics are integral parts of the college experience, and these projects will enhance the value of learning and scope of education Eastern Nazarene provides."

ENC President Dr. Corlis McGee said the projects to be funded by the bond build upon recent campus upgrades, including major renovations to several dormitories as well as the student union and campus dining facilities.

ENC currently enrolls more than 1,400 students across its undergraduate, adult studies and graduate programs.