Albany, NY (2005)

Albany YMCA

Investment

NMTC Amount: 3,587,500

Total Project Cost: 6,500,000

IMPACT

40 FTE jobs

90 construction jobs

The three-part project involved the construction of 100 HOPE VI units, the renovation of a K-8 school and the construction of a new YMCA.

Project Description

The three-part project involved the construction of 100 HOPE VI units, the renovation of a K-8 school and the construction of a new YMCA. The developments were built adjacent to one another, maximizing their impact and allowing them to work in conjunction. For instance, the school is connected to the Y and students have access to the newly constructed fitness, recreational and pool facilities for their PE program. Students and families from the Hope VI development also participate in after school programs at the Y including: a gang prevention program, Black and Latino Achievement program that partners with local businesses to provide mentors and internships, and the Albany Medical Center’s pilot program to address childhood obesity called R.E.A.D (Rest, Exercise, Achievement & Diet).

MAP

616 North Pearl Street, Albany, NY 12204

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