- $12.2 million tax-exempt permanent loan
- $19.1 million bridge loan
- $4.5 million Workforce Housing Initiative financing
About the Development
The formerly vacant Worcester County Courthouse is now a 117-unit mixed-income rental community at the center of the revitalization of the city’s Lincoln Square district.
MassHousing provided $35.8 million in affordable housing financing to help Trinity Financial redevelop the courthouse building, which was built in 1845 and had been vacant since 2007. The new housing community is made up of 23 studio apartments, 52 one-bedroom apartments, 31 two-bedroom apartments and 11 three-bedroom apartments. Of the development’s 117 units, 66 are affordable to extremely low-income and low-income households, 45 are workforce housing units and six are market-rate apartments.
Courthouse Lofts features a fitness center, clubhouse lounge, gallery space, interior bike and resident storage, landscaping restoration and outdoor resident gathering spaces. The development is also home to the Major Taylor Museum, which honors the first Black cycling world champion who lived in Worcester.
Courthouse Lofts are located adjacent to the Worcester Art Museum, Worcester Polytechnic Institute, Worcester Memorial Auditorium, and the Massachusetts College of Pharmacy and Health Services. The property also has access to public bus service and is less than a mile from the MBTA Commuter Rail at Union Station.