In 1936, seven white men judged which neighborhoods of Worcester were not viable for real estate financing using criteria like “industrial workers live in this area as well as a few negroes.” Today, as rising costs overburden half of renters in the city, those impacted the most are from those neighborhoods still suffering from lack of investment.
Worcester real estate firm GoVenture Capital Group, LLC, and Boston-based engineers BSC Group will move into One Mercantile, the former Unum Building in Worcester.
Worcester’s largest landlord is stepping up its fight to increase housing stock for not only the city residents most in need, but for all residents who find themselves stretched thin by the region's rising housing costs. And it's bringing in a powerful friend to help.