Everett YMCA

This project supports the development of a new multi-purpose YMCA community facility that will significantly expand its services and outreach in the low-income community it serves.

Investment

  • NMTC Amount: $11,000,000
  • Total Project Cost: $31,316,334

IMPACT

  • 60 FTE jobs
  • 75 construction jobs

Investor

Project Description

This project supports the development of a new multi-purpose YMCA community facility that will significantly expand its services and outreach in the low-income community it serves. The new YMCA facility includes a regional medical clinic, a nutrition kitchen, a new neighborhood park in a park deficit zone, and is the home to a new Big Brothers Big Sisters center.

MAP

Address: 4730 Colby Avenue, Everett, WA 9201

Census Tract: 53061041000

Other Washington Projects

A loan to an automotive dealer, Boardwalk Motors, helped support the business and retain 5 jobs during the collapse of the automotive market during the Great Recession.

NMTCs financing was necessary for a group of investors wanting to purchase 80,000 acres of forest land in the Olympic Peninsula to restore areas that had been over-harvested, and reverse
NMTC financing supported the Unity Care Northwest project.
Finances the expansion of a 40,000-sq. ft. community facility designated as a Federally Qualified Health Center.