2019 MassHousing Annual Report - Page 14



MassHousing provided Trinity Financial with:
$12.2 million
Tax-exempt permanent loan
$19.1 million
in bridge loan financing
$4.5 million
in funding from the Agency’s $100 million
Workforce Housing Initiative
A courthouse is reimagined as
housing in Worcester
The Worcester County Courthouse, built in the Greek
Revival style in the 1800s, is on the National Register
of Historic Places. But the prominent building 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 $110 million Workforce Housing
Initiative. The new property will provide homes for
people with a wide range of incomes, including
extremely low-income, low-income, moderateincome and market-rate residents.
12
Worcester County Courthouse, pre-construction

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