BIDDEFORD — The Community Bicycle Center has exceeded its $463,000 capital campaign fundraising goal to establish a permanent home for its bicycle-related youth programs in Biddeford.

As of Aug. 1, the CBC raised $476,466 toward the purchase cost and renovation of a permanent youth development facility embedded in fabric of the community. A building maintenance endowment is also established through the Maine Community Foundation.

“The CBC is fortunate to have the support of so many people willing to invest in the future of our community’s children and youth,” said CBC Executive Director Andy Greif. “Our Biddeford-based neighbors as well as folks from across the state and country came out of the woodwork to ensure that all of our kids have access to healthy programming and caring adults during the out-of-school hours.

“We’re overwhelmed with gratitude for helping to provide the CBC with the opportunity to be a permanent positive anchor in their lives.”

The CBC has been providing free, low-barrier youth enrichment opportunities for more than eight years, Grief said. Established in 2005, the CBC has grown from a volunteer-run project, to a year-round program serving hundreds of children, and a community leader in the field of experientially-based youth development through the use of bicycles.

In April 2014, the CBC purchased and began renovations on a 4,200-square-foot building located at 45 Granite St. in Biddeford. The youth development center is large enough to expand the CBC’s programs in addition to providing access to 6.3 acres of green space and trails abutting Clifford Park.

Major grants from the Biddeford Savings Bank, Elmina B. Sewell Foundation, Tom’s of Maine, the Quimby Family Foundation, the Larch Foundation, Samuel L. Cohen Foundation, the Maine Community Foundation, The Betterment Fund and Saco & Biddeford Savings Institution in addition to anonymous foundation grants were bolstered by generous contributions from individuals and businesses, supporters said.