Mixed-Use with the Bowen YMCA

New Markets Tax Credit Coalition

Washington,
DC
(2013)

Mixed-Use with the Bowen YMCA

Community, Daycare and Early Childhood, Mixed-use, Office, Retail, Retail and Commercial, Youth and Families, Youth Program

The Bowen YMCA began a redevelopment project to turn it's dilapidated building into a modern, mixed-use facility featuring 170 residential units, retail space and underground parking.

Investment

NMTC Amount: $23,520,000
Total Project Cost: $24,000,000

IMPACT

63 FTE jobs
50 construction jobs

CDEs

City First

Investor

US Bank

Project Description

The Bowen YMCA began a redevelopment project to turn it’s dilapidated building into a modern, mixed-use facility featuring 170 residential units, retail space and underground parking. The new center offers a full-service fitness and wellness center, child-care facility, a test kitchen to promote healthy eating, indoor swimming pool, internet café, administrative offices and a rooftop terrace.