CASE STUDY
YMCA Impact Development Strategy
Industry:
- Investor
Service:
- Impact Reports
Project Highlights:
- 55,000 square foot renovation to existing YMCA branch
- Primary healthcare clinic to be located on site
- New planned wellness center with state-of-the-art equipment
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YMCA Attracts Funding through Community-based Impact Study
LifeCity helps QALICBs and CDEs looking to identify funding partners by creating an Impact Development Strategy that includes both a report and video highlighting the community-driven impact of each project. We work with local community leaders to ensure that the project has a resilient, comprehensive approach to impact and leverages the key goals of the New Markets Tax Credit program.
For example, The YMCA of Northwest North Carolina engaged LifeCity in the early stages of developing the concept for the YMCA REACH Center at Winston Lake, a renovated YMCA location that would also operate as a hub for a variety of health services. LifeCity helped the YMCA maximize its impact strategy while also helping align the project with NMTC community outcomes with the goal of attracting financing.
With New Markets Tax Credits in high demand, projects need to stand out with strong impact studies. On the funding side, banking institutions, foundations, and other potential funders seek credible partners to ensure that chosen projects will have a strong, lasting impact on the community.
Chimeka Gladney, Senior Vice President / NMTC Relationship Manager, reports on her experience:
"As a banking partner in New Markets Tax Credits, we look for credible third-party resources to ensure we invest in the most impactful projects. LifeCity is a trusted partner that ensures that QALICBs are truly intentional about impact through community input. Furthermore, they can support them in articulating impact thoughtfully in the ways that CDEs need the information to pursue the project."
55,000
square foot renovation with planned wraparound health services validated
“LifeCity played a crucial role in helping us secure NMTC funds and additional support for the REACH Center. Their impact study and video truly brought our story to life in a way that exceeded our expectations, delivering a tangible return on investment. We are deeply grateful to the entire LifeCity team for their dedication and support!”
- Darryl Head, President and Chief Executive Officer,
YMCA of Northwest North Carolina
CASE STUDIES
WHITE OAK PASTURES
YMCA IMPACT DEVELOPMENT STRATEGY
TALES OF THE COCKTAIL
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