Sandwich, MA – MassDevelopment has issued a $3.8 million tax-exempt bond on behalf of YMCA Cape Cod, which will use a portion of proceeds to make improvements at its summer camp in Sandwich, Camp Lyndon, and buy and install equipment at its Lyndon P. Lorusso branch in West Barnstable.
Improvements to Camp Lyndon will include upgrades to the camp’s bathroom, underground utility work, and a new generator and HVAC equipment. New equipment for the organization’s Lyndon P. Lorusso branch in West Barnstable may include air handlers, cogeneration system enhancements, dehumidifiers, electronic management systems, a fire pump, pool filtration equipment, and cooling equipment. Cape Cod 5 purchased the bond, which will also be used to refinance previously issued debt including a prior tax-exempt bond from MassDevelopment.
MassDevelopment has previously supported YMCA Cape Cod. In November 2021, the agency provided a $350,000 loan to help YMCA Cape Cod construct a new early childhood care center in Hyannis, which expanded enrollment to 65 additional students. In 2013, the agency issued a $3.3 million tax-exempt bond to help YMCA Cape Cod buy equipment for its facilities in Sandwich and West Barnstable and refinance previously issued debt.