Impact across Cambridge & Boston
Through nearly 200 unique projects, Harvard helped finance more than 7,000 units of affordable housing in 30 neighborhoods across Boston and Cambridge.
Historic Program, Local partnerships
Harvard started a first-of-its-kind program that committed $20 million over 20 years for affordable, low-interest, revolving loans. The program partners with three local nonprofit lenders: Cambridge Affordable Housing Trust, Boston Community Capital, and Local Initiatives Support Corporation.
All Bright Homeownership
The All Bright Homeownership Program will access $3 million in Harvard funds, allowing the program to purchase and resell homes with voluntary deed restrictions that assure all units sold remain occupied by their owners.
Affordable homeownership in a green building
Adaptive reuse of a historic property into affordable housing
424–430 Windsor Street was transformed from a rectory and church into 14 affordable condominiums for low-, moderate-, and middle-income households. The reuse of the buildings retained many historic details while creating spacious and modern units. Harvard funds were used to lower construction financing costs, decreasing total project costs, and enabling the City of Cambridge to reduce the public subsidy required. The 14 units will remain affordable upon resale and will continue to provide opportunities for first-time homebuyers.