Developments > 22 Elm Street
Development of 22 units of affordable housing in Downtown Worcester, including 6 1-bedroom, 13 2-bedroom and 3 3- bedroom units all restricted to 1st time homebuyer making no more than 80% AMI. Project is being co-developed by POUA (existing MHIC client) and Synergy, owner of over 5 million square feet of office space in the Commonwealth. The subject property was purchased by Synergy in 2022, along with the larger adjacent property. Synergy and POUA have entered into a purchase and sales agreement to sell the subject property to a POUA 100% controlled single purpose entity
22 Elm Street
Project at a Glance:
Location:
Worcester
Sponsor:
Planning Office for Urban Affairs
Number of Units:
22
Development of 22 units of affordable housing in Downtown Worcester, including 6 1-bedroom, 13 2-bedroom and 3 3- bedroom units all restricted to 1st time homebuyer making no more than 80% AMI. Project is being co-developed by POUA (existing MHIC client) and Synergy, owner of over 5 million square feet of office space in the Commonwealth. The subject property was purchased by Synergy in 2022, along with the larger adjacent property. Synergy and POUA have entered into a purchase and sales agreement to sell the subject property to a POUA 100% controlled single purpose entity