Pittsfield, MA – MassDevelopment has partnered with Lee Bank, Adams Community Bank, and Greylock Credit Union to provide $6.5 million in loan financing to Berkshire Family Young Men’s Christian Association, Inc. (Berkshire Family YMCA), which is using proceeds to renovate and expand its main facility at 292 North St. in downtown Pittsfield.
Constructed in 1909, the building’s last major renovation took place in 1981. As part of this new renovation, Berkshire Family YMCA is building an accessible indoor track for exercise and rehabilitation purposes for use by people of all abilities, adding a youth basketball court, and upgrading its fitness center. The organization is also creating newly configured program spaces and updating restrooms, improvements that will increase capacity of its nationally accredited child development program to serve an additional 25 infants, toddlers, and preschoolers.
MassDevelopment provided a $5 million loan, with Adams Community Bank, Greylock Credit Union, and Lee Bank each providing $500,000 loans. The project is also supported by a $1 million Massachusetts Early Education and Out of School Time (EEOST) grant.
This is the second loan MassDevelopment has provided to support YMCA child care programs within the past year. In November 2021, YMCA Cape Cod used a $350,000 loan to construct a new 5,314sf early childhood care center that will expand the organization’s existing childhood care program to serve 65 additional children.