Featured:

Pittsfield YMCA

Pittsfield, MA (2021)

The $12 million overhaul of a historic site that has called North Street home for over a hundred years for a YMCA.

COMMUNITY IMPACT
  • 24 FTE jobs
  • 75 construction jobs
  • 25 more high-quality child care slots, 4 new Child Care and 3 Human Service positions after construction
FINANCING SOURCES
  • NMTC amount: $12,000,000
  • Total Project Costs: $12,926,398
  • CDE: CRFUSA
PROJECT LOCATION

292 North Street

Pittsfield, MA 1201

Project Description

The Berkshire Family YMCA in Pittsfield put shovels in the ground on November 10 to begin an $12 million overhaul of the historic site that has called North Street home for over a hundred years. The renovation will include facade improvements, an expanded day-care center, a new fitness center and elevated running track, and a new regulation-sized basketball court. The expansions aim to better meet the needs of the community.

Funding for the $12 million project is coming from a variety of sources. Secured funding includes a major childcare facility grant from EEOST, several significant foundation grants (Alden Trust, Feigenbaum Foundation, Berkshire Bank Foundation), CPA funding from the City of Pittsfield, and MA Historic Tax Credits from the Commonwealth of Massachusetts. Lending has been secured from MassDevelopment and The Life Initiative to provide a leverage loan to a New Markets Tax Credit transaction with CRF as the NMTC allocatee and US Bank as the investor.

Community

Daycare or Early Childhood

Recreation

YMCAs and YWCAs

Youth and Families