YMCA Southcoast, Inc.

New Markets Tax Credit Coalition

Fall River,
MA
(2013)

YMCA Southcoast, Inc.

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

With MHIC's New Markets financing, the YMCA Southcoast, Inc. rehabilitated and preserved the historic character of the building it has occupied for 115 years.

Investment

NMTC Amount: $11,515,400
Total Project Cost: $12,628,067

IMPACT

3 FTE jobs
59 construction jobs

CDEs

MassDevelopment, MHIC

Investor

Unknown

Project Description

With MHIC’s New Markets financing, the YMCA Southcoast, Inc. rehabilitated and preserved the historic character of the building it has occupied for 115 years. The vacant fourth floor has been renovated to create an Educational Achievement Center. The Y anticipates doubling its membership within five years and adding educational, health and wellness, and recreational programs. The project turns an underutilized resource into a thriving community center that brings new business to downtown business owners.