Harvard Local Housing Collaborative
How the fund works
Since 2000, $20 million has revolved more than twice allowing the investment of over $40 million in Harvard financing that has helped leverage over $1.3 billion in housing development across more than 180 projects in Boston and Cambridge.
Nonprofit Housing Partners
Harvard Local Housing Collaborative Projects Since 2000
Data sourced from LISC, BlueHub Capital, and Cambridge Affordable Housing Trust
7000+ affordable units across 180+ projects
Downtown Boston, 4
East Boston, 11
Jamaica Plain, 16
Mission Hill, 1
South Boston, 5
Boston (Other), 5
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.