Housing
Increasing Affordable Housing
In the post rent control era, Boston and Cambridge have seen housing costs skyrocket while federal and state resources have declined, threatening diversity and the vitality of city neighborhoods. Developed in consultation with local leaders, 20/20/2000 is Harvard's $20 million affordable housing initiative through which the University provides $10 million in low-interest loans to each Cambridge and Boston to increase and preserve affordable housing. 20/20/2000 was created to generate and preserve affordable housing for low and middle-income residents. Thus far, these funds have helped create 2,100 units of affordable housing. As part of 20/20/2000, an additional $1 million in grants have been distributed to nonprofit agencies to support innovation in housing policy through the Harvard Housing and Innovation Program. The Cambridge Affordable Housing Trust, the Local Initiatives Support Corporation and Boston Community Capital are the three intermediaries that make the loan funds available.
Housing News:
|
Summers, Menino break ground for new units In a show of community partnership, Harvard President Lawrence H. Summers stood shoulder-to-shoulde and shovel-to-shovel with Boston Mayor Thomas Menino and community, city, and state… |
|
Benefits beyond dollars: In Roxbury, 20/20/2000 funds provided ‘gap’ funding to create an assisted living facility for low-income elderly. Francisca Anabisca (left) sits in her apartment at 25… |
| Harvard helps renovate affordable housing Hano Homes resident Minnie Walcott wipes away a tear after expressing her gratitude for the renovations to her longtime residence. Also attending the dedication in… |
Program Contact:
Jim Barrows
Harvard University Office of Government, Community and Public Affairs
(617) 495-4955
jim_barrows@harvard.edu
