Qualified Homeownership
Opportunities for Worcester’s Workforce

MassWorks^SM   
Helping employees become homeowners

MassWorks^SM is an employer-assisted mortgage program
that encourages employers to invest in their employee’s
home purchase by matching an employer contribution
with State funds. These funds are used to lower monthly
payments while increasing purchasing power.

Click here for more information on how your
company can join MassWorks^SM.

The following companies currently participate in
the Buy Worcester Now program. If you are
employed by one of these companies, you may
be eligible for additional assistance.

Assumption College
Assumption College will assist eligible, full-time
employees with the purchase of their first home through
a program called MassWorks. Through this mortgage
program, Assumption  provides a matching contribution
of $2,500 combined with a $2,500 contribution from the
Commonwealth of Massachusetts for a total of $5,000
additional money towards the purchase of a home n the
Worcester area. Assumption College has committed
$10,000 towards this program.

Clark University
Jack Foley, Vice President for Government
and Community Affairs
508-793-7444
University Park Neighborhood Homeownership
Incentive Program

All Clark full-time regular faculty and staff are eligible for
a special incentive program if they purchase and reside
in a home within a designated area in the neighborhood
around the University. The program provides a $5,000
loan at the time of closing, forgivable at the rate of
$1,000 per year of employment and residence, and
currently for the next 7 years after the purchase, an
annual payment of 12% of base salary up to $4,000.
Income eligible employees may also apply for a $5,000
grant from the Commonwealth under the Mass Housing
Partnership’s MassWorks^SM Program. Some of these
participating employees may also be eligible for up to
$10,000 in the City of Worcester’s downpayment/closing
cost assistance program, administered by the
NeighborWorks® HomeOwnership Center of Worcester.

College of the Holy Cross

William Conley, Director of Administrative Services

College of the Holy Cross

508-793-3391

Holy Cross-South Worcester Homeowners Initiative

Employees at the College of the Holy Cross are eligible
to apply for financing for the purchase of one of the new
condominiums in a 12-unit complex supported by the
College and located near the campus at Hacker and
Cambridge streets in South Worcester. Holy Cross offers
participating employees up to $5,000 of mortgage
assistance, which can be matched by the Commonwealth
if the employee utilizes the MassHousing Partnership’s
MassWorks^SM Program. Some of these participating
employees may also be eligible for up to $10,000 in the
City of Worcester’s downpayment/closing cost assistance
program, administered by the NeighborWorks®
HomeOwnership Center of Worcester.

Additionally, Holy Cross provides a mortgage incentive
program for newly hired faculty to purchase homes in
the City of Worcester.

Worcester Polytechnic Institute (WPI)
Eric Chojnowski, Benefits Administrator

Human Resources Department

508-831-6677

echojnowski@wpi.edu

The WPI HomeOwnership Program

Worcester Polytechnic Institute (WPI) will help eligible
employees with the purchase of their first home
(eligibility requirements include income level and years
of service).  Called MassWorks^SM, this new mortgage
program will increase a homebuyer's ability to buy a
home in Worcester by combining a $2,500 contribution
from WPI with a match of $2,500 from the
Commonwealth of Massachusetts. These funds will be
combined with a fixed-rate first and second mortgage
from a bank, thereby lowering monthly payments and
increasing the homebuyer's purchasing power.




Saint-Gobain
Kip M. Paterson
Director, Human Resources
Saint-Gobain Abrasives, North America
508-795-5338
Kip.M.Paterson@Saint-Gobain.com

Saint-Gobain is proud to help eligible employees (active
& full-time) with the purchase of a home in Worcester.
Called MassWorks, this new mortgage program will
increase a homebuyer's ability to buy and live in a
Worcester home by combining a $2,500 contribution
from Saint-Gobain with a $2,500 match from the
Commonwealth of Massachusetts. These funds will be
combined with a fixed-rate first mortgage from a bank,
thereby lowering monthly payments and increasing the
homebuyer's purchasing power. Saint-Gobain has
committed $50,000 in total to this exciting community
initiative.

UMass Memorial Health Care
Bell Hill-East Side Employer-Assisted
Homeownership Initiative

Interested parties should contact:

NeighborWorks® HomeOwnership Center of Worcester

674 Main Street

Worcester, MA 01610

508-791-2170

www.hocw.net 

If you are an employer that is interested in providing
this mortgage product to help recruit and retain
employees, please click here.