Homeless organization receives $ 2.5 million grant; Developer pays $ 10 million for Becker College properties
A Boston-based nonprofit that provides services to homeless, runaway and at-risk youth has received a $ 2.5 million grant, the largest in the organization’s 50-year history.
The five-year grant to Bridge Over Troubled Waters from the Liberty Mutual Foundation will help the nonprofit meet some pre-existing infrastructure needs; expand housing that allows young people to live independently while building up the financial resources needed to find an apartment; and increase the range.
“We are very grateful to Liberty Mutual for its investment in our comprehensive approach to help vulnerable homeless youth,” CEO Elisabeth Jackson said in a statement.
Bridge Over Troubled Waters said homelessness among those aged 14 to 24 is on the rise, and many of them are victims of physical and sexual abuse.
Developer pays $ 10 million for Becker College properties
A developer who paid $ 10 million for 27 properties in Worcester that once belonged to Becker College, now closed, said he plans to return some buildings to single-family homes, affordable apartments at market prices and student accommodation.
Russ Haims of Hampton Properties LLC closed the sale on Friday, The Telegram & Gazette reported. The purchase includes 24 buildings and three parking lots.
He said he wanted to protect the neighborhood, known as Elm Park.
“It’s still such an attractive neighborhood, it doesn’t need to be rebuilt – it needs to be repositioned,” Haims said.
The city has already bought properties from Becker College. Leicester has agreed to pay $ 20 million for Becker’s campus in that city.