City Announces Worcester Housing Now Initiative
Funding, education available for affordable housing
From city of Worcester
Worcester – The City’s Executive Office of Economic Development, Housing Development Division, today announced a new initiative known as Worcester Housing Now.
The announcement was made by Mayor Joseph M. Petty and City Manager Edward M. Augustus Jr. at the Game Changers business conference and expo hosted by the Worcester Regional Chamber of Commerce at Mechanics Hall.
Pvmoutside [CC BY-SA 3.0], via Wikimedia Commons
Worcester Housing Now offers eight components to help both owner-occupied multi-family housing as well as provide responsible developers with streamlined access to capital for revitalizing troubled properties. The program will focus on the existing housing stock in all of Worcester’s neighborhoods, a majority of which is more than 100 years old. Deferred maintenance on many of these properties has led to resident health issues, blighted and vacant buildings and units and disinvestment in neighborhoods.
“While there is great excitement for all the new development happening in our downtown, we must ensure all residents have safe and healthy living conditions,” said Mayor Joseph M. Petty. “Triple deckers are the soul of Worcester and bringing back offline units will provide some immediate relief to the lack of affordable rental unit availability.”
“The creation, rehabilitation, and preservation of affordable housing within our neighborhoods is something the City administration takes very seriously,” added City Manager Edward M. Augustus Jr. “This new multi-layered funding and educational approach will allow for safe, affordable units for both individuals and families across our city.”
An informational meeting on the Worcester Housing Now program will be held on Tuesday, November 12 from 3 p.m. to 5 p.m. at City Hall.
Worcester Housing Now Resources:
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