Pittsfield, MA (2021)

Pittsfield YMCA

Investment

NMTC Amount: 12,000,000

Total Project Cost: 12,926,398

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

CDEs

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

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.

MAP

292 North Street, Pittsfield, MA 1201

Video

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