Danvers Community YMCA

Danvers Community YMCA used a $4 million tax-exempt bond issued by MassDevelopment to renovate a portion of its facility in Danvers. Renovations to the building, which was built in 1950, include enhancing its childcare facility; updating plumbing, sprinkler systems, and HVAC infrastructure; adding an elevator to allow easier access to the facility’s cardio center; meeting overall ADA compliance; and relocating locker rooms. Salem Five Bank purchased the bond, which helped Danvers Community YMCA achieve a lower cost of capital.

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