Lakeside and Garland Avenues UCH-TIF
At a glance
- What: a resolution approving an Urban Center Housing Tax Increment Financing (UCH-TIF) agreement for 16-32 Lakeside Ave. and 18-20 Garland Ave., Phase 3 of the Worcester Housing Authority's Lakeside redevelopment.
- Where it stands: resolved. Referred to the Economic Development Committee on 2026-08-18 (9-0); the committee report recommending adoption was accepted and the resolution adopted 11-0 on 2026-09-22.
- Next: construction expected in 2027, lasting about two years.
The project
- Developers: Trammont Development Partners and E3 Development (spellings approximate).
- The overall redevelopment replaces about 202 public housing units built in 1949 with about 350 affordable units.
- Phase 3: estimated $88 million, 103 mixed-income rental units (30, 50 and 60 percent of area median income) in one four-story building.
- Funding includes a state housing (EOHLC) award and the city's affordable housing trust fund.
The TIF terms
- 20 years on formerly tax-exempt land, with about 90 percent average exemption.
- The city would receive about $900,000 over the term; starting taxes are roughly $185,000 a year without a TIF, per Peter Dunn.
- Estimated developer savings are about $3.85 million.
Workforce goals
- The Responsible Development Ordinance applies by contract.
- Goals: 50 percent Worcester residents, 38 percent people of color and 10 percent women in workforce hours.
- The best projects have reached about 25 percent residents.
Figures are per the 2026-09-16 committee captions.
Discussion time
About 13 minutes across 2 meetings (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-09-16 - Economic Development Committee | 13 |
| 2026-08-18 - City Council | 0 |
Log
- 2026-09-16 - Economic Development Committee - Recommended approval 3-0. Rich Mazzocchi outlined the project; Peter Dunn presented terms. Kathleen M. Toomey asked about Responsible Development Ordinance compliance; Satya B. Mitra about financing certainty, term and savings; Morris A. Bergman about taxes after the 18-year period and sale during the TIF (benefit runs with the land; abandonment means starting over, cf. 340 Main St.). Bergman's Chairman's Order requests a glossary of Economic Development program terms (TIF, HDIP, UCH-TIF).
- 2026-09-22 - City Council — Item 14b: committee report accepted and resolution adopted 11-0.
- 2026-08-18 - City Council — Item 11.4B CM: referred to Economic Development, 9-0.