Developments > Fall River YMCA
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 will bring new business to downtown business owners.
Fall River YMCA
Project at a Glance:
Location:
Fall River
Development Type:
Commercial
Project Type:
Rehabilitation
MHIC Financing:
$6,615,400 in NMTC financing
Sponsor:
YMCA Southcoast
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 will bring new business to downtown business owners.