1. $9.2 million tax-exempt bond boosts Springfield YMCA housing renovation project

    $9.2 million tax-exempt bond boosts Springfield YMCA housing renovation project

    A local development group has launched a $15 million housing renovation project at the YMCA building on Chestnut Street, aided by a newly announced $9.2 million tax exempt bond issued by MassDevelopment. MassDevelopment is the state’s finance and development agency that works with businesses, nonprofits, financial institutions and communities to stimulate economic growth statewide.

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    1. It's wonderful when we're able to pull all the pieces together and the funders are able to provide the necessary funding.
    2. As Massachusetts' Gateway Cities evolve and progress, it's more important than ever to ensure an adequate supply of housing for individuals of all income levels.
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