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Pittsfield YMCA (2021)

Pittsfield, MA

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NMTC Amount: $12,000,000

Est. Total Project Cost: $12,031,240

Community

Daycare or Early Childhood

Recreation

YMCAs and YWCAs

Youth and Families

COMMUNITY IMPACT

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.

Project Map