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History of the University Almshouses
In 1831 the New Guide to Cambridge described these as ‘low mean structure having an ancient brass inscription on the front, containing an account of the foundation. These almshouses were founded in 1505 by Matthew Stokys MA of Caius College and Esquire Bedel for six poor women appointed by the Vice-Chancellor. The original endowment allowed each of the inmates sevenpence a week and eight shillings at Stourbridge Fair to buy prize gowns and linen veils; but between 1695 and 1796 the annual stipend of each was only ten shillings. In the latter year a Grace passed the Senate for the increase of the stipend. Each inmate since that time has received 2l 10s a year.
British History Online says that the almshouses were sold in 1860.