WORCESTER COMMON GROUND
A Community Development Corporation
Worcester Common Ground acquired the two run-down townhouses in spring of 2001. After construction challenges, the three first-time home buyer properties were completed in 2004. Along with properties at 30 Bancroft Street and 22 Bluff Street, the houses were developed through the "Su Casa Propia II/ Your Own Home" (a First-Time Home Buyer Initiative Program).
The former Yeaton residence was a four bedroom single family home that the family donated to WCG in the fall of 1994. The building had been vandalized while left vacant for several months. In August 1995 WCG sold the building with the owner occupancy and affordability protections in the ground lease to a local architect who bought and renovated properties in the Worcester area and completed the needed rehab.
The former Abraham Fitz cottage at the top of the Castle Street hill is a large two family home that WCG acquired in the fall of 1994 from a real estate financing subsidiary of General Electric Corp. The mortgage of the property had been foreclosed after the building was set aflame in July of 1993. Rehabilitation of the project, which was financed by the City of Worcester's HOME fund and the Bank of Boston, was completed in 1995.
Developed and Managed by Menagerie Solutions
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