Avondale Meadows YMCA
About this Project
Date Closed: June
Total Project Cost
New Markets Tax Credit Investment
Indy CDE provided a $17 million NMTC loan to the Greater Indianapolis YMCA to finance the construction of the Avondale Meadows YMCA on the Northeast side of Indianapolis. The facility filled the critical need for a multiple-use community facility in a severely distressed community.
The Avondale Meadows YMCA has provided an environment that has fostered and enhanced the well-being and health of the community. This facility has enhanced the cultural, social, recreational, education and health services available to area residents. This multi-use facility provides a wide range of services that were not available to the community prior to construction. The facility provides community rooms and gathering spaces, child care services, and a wellness center.
The community center uses state-of-the-art technology with a focus on green design. This facility, along with two charter schools, surrounds a 5.7-acre active use park that is the centerpiece of the ongoing redevelopment of the Avondale Meadows neighborhood.
“The Avondale Meadows YMCA fosters and enhances the well-being and health of the Avondale Meadows neighborhood.”