Southeast Raleigh YMCA

Raleigh, NC (2018)

Southeast Raleigh YMCA

Affordable Housing, Community, Daycare and Early Childhood, Mixed-use, Recreation, Schools, YMCAs and YWCAs, Youth and Families

District:

The Southeast Raleigh YMCA/Elementary School is the first phase of a 31-acre master planned site to improve access to education, wellness and fitness activities, and affordable housing in Raleigh, NC.

Investment

NMTC Amount: $15,000,000
Total Project Cost: $41,000,000

IMPACT

62 FTE jobs
58 construction jobs
114,959 sq. ft. of real estate

CDEs

CAHEC, Truist

Investor

Truist

Project Description

The Southeast Raleigh YMCA/Elementary School is the first phase of a 31-acre master planned site to improve access to education, wellness and fitness activities, and affordable housing in Raleigh, North Carolina. The 114,959 sq. ft. facility is shared by the YMCA (42,960 SF) and the Wake County Public School System elementary school (71,999 SF). Community residents is able to enjoy a state-of-the-art fitness and wellness center with amenities such as group exercise studios, an indoor track, a gym, outdoor pool, multi-purpose rooms, and sports fields. Future phases include a Low-Income Housing Tax Credit development and a mixed-use building with community serving tenants.

MAP

Address: 1436 Rock Quarry Road, Raleigh, NC 27610

Census Tract: 37183052101

Voices from the Community

The NMTC allowed us to build a YMCA in one of Raleigh’s poorest communities. Because of the Y’s commitment to enter the market, we also attracted a new public school, 120 affordable housing unit’s and are in the planning phase of commercial development to bring jobs and job training to this campus. Non of that would have happened without NMTC.