Boston & New England + Metro Boston + Senior Housing | April 16, 2021

CHA Acquires Affordable Housing Community in Cambridge

The Cambridge Housing Authority (CHA) has acquired Harry S. Truman Apartments, a 59-unit affordable seniors housing community in Cambridge.

MassDevelopment issued $18.7 million in tax-exempt bond financing for CHA’s acquisition and renovation of the property. In addition, MassDevelopment assisted the Massachusetts Department of Housing and Community Development with the approval of federal low-income housing tax credits, which will provide approximately $13.8 million in equity for the project.

The bonds were purchased by Boston Private Bank.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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