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Renovation Begins of 285-Unit Affordable Housing Community in Cambridge

Construction is underway on the renovation of Millers River Apartments, a 285-unit affordable housing community in Cambridge.

To complete the project, MassHousing provided $82 million in financing to the Cambridge Housing Authority (CHA), through the agency’s Conduit Loan Program. The transaction will enable the CHA to extend affordability for the life of the property. The general contractor is Consigli Construction Co., and the architect is Dietz & Co.

The Millers River Apartments consist of 282 housing units in a 19-story building located at 15 Lambert St. in Cambridge. As part of the transaction, three new apartments will be created at the property. Of the 285 apartments, 30 will be for households earning at or below 30% of the area median income (AMI), and 255 apartments will be for households earning at or below 60% of AMI. The AMI for Cambridge is $79,350 for a one-person household, and $90,650 for a two-person household.


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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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