Form 497 AFL CIO HOUSING INVESTME

THE PROJECT:

In partnership with the City of Toledo, the YMCA of Greater Toledo will construct a new 44,100 square-foot (SF) Wayman Palmer YMCA Community Hub. The complex project involves the (1) demolition of the deteriorating and obsolete existing YMCA facility and adjacent Inez Nash Park; (2) construction of a new state of the art YMCA at the site of the old public park; and (3) construction of a new 148,100 SF park at the site of the old YMCA. The relocation of the new facility will provide improved street facing access to the surrounding community and serve as a community hub.

Building America
NMTC Allocation
$8.0 Million

Total Development
Cost
$29.5 Million

Rehabilitation of 44,000
SF facility and 148,000
SF park with and 50
permanent jobs

250,797
Hours of Union
Construction Work
Generated

$7.2 Million
Tax revenue Generated

$51.8 Million
Total economic benefit

The Wayman-Palmer YMCA Community Hub will serve the Warren Sherman neighborhood of Toledo. As a champion of youth development, social responsibility, and community engagement, the YMCA will serve as a transformative community hub. Partnering with local agencies, educational partners, and businesses, it will fill a void in access to resources for a community that has suffered from generational poverty cycles. Through collaboration with area partners, the YMCA aims to offer integrated and impactful services, support, and opportunities to improve outcomes for the surrounding low-income community and the greater Toledo area. Without NMTCs, the YMCA would not be able to support these critical and essential services.

The project is expected to create 125 quality, accessible union construction jobs. Furthermore, the Wayman-Palmer YMCA Community Hub will create and retain a total of 50 permanent jobs with benefits, including 13 educators from the Toledo Federation of Teachers for the Head Start program. The facility will serve 10,000+ individuals annually with a wide variety of services.