The YMCA of Greater Louisville (the “YMCA”) intends to construct, own, and manage a 55,000 square foot facility that will contain a new YMCA center located at 1700 Broadway Avenue, Louisville, KY 40203. The YMCA will also be partnering with the University of Louisville (“U-L”) and Kentucky One Health (“KOH”) (together, the “Sponsors”) to provide a continuum of services to the community, which is federally designated as medically underserved.
It is currently anticipated that 30,000 square feet of the Project will be occupied by a YMCA center that will include a therapeutic instructional and recreational pool, exercise center, child care services, free and public meeting space, locker rooms, a kitchen incubator for cooking classes, and playing fields with an urban garden. The entire facility will allow the YMCA to provide an array of programs that will benefit both youth and adults of all ages.
In the remaining 25,000 square feet, the Project will lease space to U-L and KOH to allow additional services to be provided to the low-income community residents. Included will be pediatric medical and dental services, adult core medical services, healthcare education from various schools, and cancer screening and prevention services. Furthermore, there will be a “Family and Children Place” that will offer services with an emphasis on mental health counseling and a focus on violence, abuse, and neglect prevention. The U-L has indicated that the Project will open the door to new opportunities to conduct research in the area of social services and brain injuries. Lastly, the Project will feature a financial institution that will lease a small portion of the facility to provide traditional banking services and financial literacy workshops for local residents.
The Sponsor team, which is a collaborative effort by the YMCA, U-L, and KOH, expects the Project to further each organization’s respective mission to support youth development, healthy living, education, and social responsibility. As noted by the Sponsors, the Project is anticipated to increase the accessibility of community goods and services to low-income persons and community residents. Along with the services provided, the Project will also result in the creation 30 full time equivalent jobs and is projected to stimulate economic activity around this discrete area of Louisville.
- Annual Median Income 45.2%
- Poverty Rate of 45.1%
- Unemployment Rate 2.53 x the National Rate
- Federally Designated Medically Underserved Area
- 30 FTE jobs created
- 100 Construction jobs
The Project is located in a severely distressed and medically underserved census tract within an underserved state for NMTCs as designated by the CDFI Fund. Additionally, the Project outcomes are in direct alignment with the community’s health improvement plan titled Healthy Louisville 2020: Creating a Healthier City. It is anticipated that the Project will create at least 30 new, permanent quality jobs and will facilitate the needed healthcare services to roughly 18,057 LIPs and 16,264 LICRs in the Louisville community.