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Boston & New England  + Massachusetts  + Apartments  |  November 3, 2023
Emily Fu
By: Emily Fu

Worcester Landmark to Become Affordable Housing 

WinnDevelopment plans to transform the historic Worcester Boys Club building and property into 80 affordable apartment homes for adults aged 55 and older.  

The project will combine the preservation and renovation of the 93-year-old Boys Club building with a new five-story apartment building, providing a range of affordable housing options.  

Funding for the project comes from various sources, including the Low-Income Housing Tax Credit (LIHTC) program, MassDevelopment’s Underutilized Property Program, and federal and state Historic Tax Credits. The project’s total construction cost is estimated to be $52 million, with financing expected to close in the first quarter of 2024. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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