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Boston, MA (2010)

Thomas M. Menino YMCA

The historic Hyde Park YMCA officially re-opened in December 2010 after undergoing a major overhaul.

Investment

  • NMTC Amount: $8,250,000
  • Total Project Cost: $9,402,545

IMPACT

  • 46 FTE jobs
  • 46 construction jobs

CDEs

Investor

Project Description

The historic Hyde Park YMCA (renamed Thomas M. Menino YMCA) officially re-opened in December 2010 after undergoing a major overhaul and expansion of the 107-year-old facility. MHIC’s $8.25 million in New Markets Tax Credit financing made possible the transformation of this Y into a modern, state-of-the art facility with a six-lane swimming pool, a new after-school center, a health and wellness center, and other major improvements.

The dramatic upgrading of this historic facility is an important component of the revitalization effort underway in the Hyde Park Community that includes a new library, a community center and other improvements coordinated by the City of Boston Main Street Program. It is also integral to the YMCA’s plan to update and renew YMCA’s commitment to serve virtually all Boston neighborhoods. The Hyde Park Y serves more than 55,000 residents of the Hyde Park and Mattapan sections of Boston and is the only community facility within a three mile radius of the building.

The improved facility will significantly increase the number of people served and the programs offered. The Y has plans to add new staff to support these higher levels of activity. The YMCA of Greater Boston is the largest provider of social services in the Commonwealth.

MAP

Address: 1137 River Street, Boston, MA 2136

Census Tract: 25025140300

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