Boston – MassDevelopment recently issued a $10 million tax-exempt bond on behalf of the YMCA of Greater Boston, which will use bond proceeds to complete large-scale revitalizations of its Huntington Avenue and West Roxbury branches. The financing will help the organization:
- Renovate and repair the Huntington Avenue branch at 316 Huntington Avenue, including replacing the parapet and repairing the roof
- Renovate and expand the West Roxbury location at 1972 Centre Street, including:
o demolishing buildings
o building a 38-space parking lot
o renovating the gym
o installing new locker rooms, HVAC, plumbing, and electrical systems
o constructing a building to house an aquatics center, health and wellness center, and office space
- Purchase and renovate a building at 1980 Centre Street, which the West Roxbury location currently leases
The project is expected to create 50 jobs and support 119 construction jobs. Citizens Bank purchased the bond.
“For more than a century, the YMCA of Greater Boston has been a leading provider of health, wellness, and civic engagement programs in the region,” said MassDevelopment President and CEO Marty Jones. “MassDevelopment is pleased to assist the YMCA as the organization continues to upgrade and modernize its proud and long-standing facilities to better serve the community.”
