Worcester Housing Project Gets $2M In State Funding

WORCESTER, MA — A Worcester housing project got a huge boost from the state.

Massachusetts leaders announced that $2 million will go toward an apartment development in Worcester. This is part of Gov. Maura Healey's Housing Development Incentive Program, which awarded a total of $15 million in awards to six gateway cities on Monday.

Worcester's project at 17 Pearl St. will hold 139 units and will be developed by Springfield-based HHM Cube Properties.

17 of those units will be subsidized, according to Sen. Michael Moore (D-Millbury). That means it will be affordable for low-income individuals or families.

Related: July Home Prices Up From Last Year In Worcester County: Report

The HDIP offers tax incentives to developers who build or renovate market-rate housing in gateway cities to help drive investment and revitalization.

Worcester is one of Massachusetts' gateway cities, which are "midsize urban centers that anchor regional economies around the state," according to the Massachusetts Institute for a New Commonwealth.

These cities often face many economic and social challenges.

Related: Unemployment Rate Rose In Greater Worcester In July: Report

"The Commonwealth is facing a critical housing shortage," said Sen. Moore. "And this 139-unit building constructed with prefabricated modules can serve as a template for quality multifamily housing, which can help communities build homes that are within reach for working Bay Staters."

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