The Gateway Family YMCA – Elizabeth Branch

NMTC financing for a YMCA impacts the community it serves by nurturing the potential of every child, teaching the importance of spirit, mind, and body to achieve a healthier lifestyle and supporting its neighbors to learn life skills that helps them grow and thrive.

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $12,192,191

IMPACT

  • 43 FTE jobs
  • 46 construction jobs

Investor

Project Description

The Elizabeth Branch impacts the community it serves by nurturing the potential of every child, teaching the importance of spirit, mind, and body to achieve a healthier lifestyle and supporting its neighbors to learn life skills that helps them grow and thrive. The Elizabeth Branch serves Elizabeth and the surrounding communities, and provides The Dudley House Veterans Transitional Housing Program in Plainfield, NJ.

MAP

Address: 135 Madison Avenue, Elizabeth, NJ 7201

Census Tract: 34039031200

Other New Jersey Projects

Development of a 63,000 sq. ft. school facility
NMTC financing supported the renovation of a portion of a historic former mill building (Condominium Units A and A1), located at 1 North Johnston Avenue, Hamilton Township, Mercer County, NJ
Adler Development, LLC renovated a 109,720 sqft warehouse that was severely damaged by Hurricane Sandy on October 29, 2012.
In 2020, the NMTC provided patient financing for the nonprofit to facilitate the construction of 14 scattered site, for-sale affordable housing units.