The Business Beat: Matt Wally

The mission of Worcester Community Housing
Resources is to help create and preserve affordable housing for low-
and moderate-income families and individuals, and to initiate and support
neighborhood revitalization in the Greater Worcester area.

Matt Wally’s organization operates
the Community Loan Fund, which is comprised of investments from socially
responsible individuals and organizations.

The Community Loan Fund provides under-served
families with affordable housing financing, and also provides financing
for pre-development activities and interim-construction financing to
developers of affordable housing.

Worcester Community Housing Resources
also administers the Worcester Receivership Program, which is funded
in part by the Massachusetts
Housing Partnership, and
works in collaboration with the City
of Worcester to help stabilize
troubled properties and prevent the displacement of tenants when property
owners renege on their responsibilities.