Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
MassHousing Provides $22M for Affordable Housing Community in Cambridge
MassHousing provided $22.8 million in affordable housing financing to non-profit Just-A-Start Corp. for the new construction of 23 apartments and the renovation of 65 existing apartments in Cambridge. Additional funding for the project included $14.9 million in federal Low-Income Housing Tax Credit equity, and $4.1 million from the city of Cambridge’s Affordable Housing Trust.
Just-A-Start will combine the 45-unit Linwood Court and 20-unit Squirrel Brand affordable housing communities. Additionally, the non-profit will construct 23 new affordable units on a portion of the Linwood property. The new 88-unit community will be named Squirrelwood and will be available to households earning a range of incomes.
“With a wide range of units to accommodate families of all sizes and a variety of income levels, the Squirrelwood project is an important step in Just-A-Start’s mission to offer quality, inclusive housing to Cambridge residents,” said Deborah Ruhe, executive director of Just-A-Start. “As housing costs in the city continue to rise, Just-A-Start is proud to work alongside its partners to preserve the affordability of these homes and create more access to secure housing in this community.”
For comments, questions or concerns, please contact David Cohen
- ◦Development
