MassDevelopment has issued a $6.15 million tax-exempt bond on behalf of the YMCA of the North Shore.

The organization is using bond proceeds to help build a 5,000-square-foot addition to the Ipswich Family YMCA facility. Construction will create program space, locker rooms, an outdoor pool and a park.

Bond proceeds also refinanced previous debt, which financed energy improvements at other YMCA of the North Shore locations.

People’s United Bank purchased the bond, and the project is expected to add 75 jobs.

“MassDevelopment is pleased to play a role in improving the YMCA’s North Shore facility,” MassDevelopment President and CEO Marty Jones said in a statement. “These structural additions will help enhance the youth development programs and improve fitness services for its members.”