Development Profiles
Workforce Housing
Courthouse Lofts
January 15, 2020

The Worcester County Courthouse, built in the Greek Revival style in the 1800s, is on the National Register of Historic Places. But the architectural gem in the city’s Lincoln Square has been vacant since 2008.

That is changing as the building is being transformed into 117 mixed-income apartments by Trinity Financial with the help of $35.8 million in MassHousing financing.  

MassHousing provided Trinity Financial with a $12.2 million tax-exempt permanent loan, $19.1 million in bridge loan financing, and $4.5 million in funding from the Agency’s $100 million Workforce
Housing Initiative

The new property will provide homes for people with a wide range of incomes, including extremely low-income, low-income, moderate-income and residents who can afford market rents.

Transaction Facts

Developer:Trinity Financial

Management Company:Trinity Management

Total Loan Amount: $35.8 Million