Housing Initiatives
Housing Initiatives
Harvardis committed to working with its host communities to address the region’s high cost of housing. In addition to housing 99 percent of its undergraduates for four years, which relieves pressure on the local housing market, Harvardworks with the cities of Cambridge and Boston to create and preserve thousands of affordable housing units as well as to support efforts to eliminate homelessness.
Easing demand on local housing
Our extensive residential portfolio ensures a vibrant living-learning campus for students and affiliates while easing the demand for local housing.
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99%
of Harvardundergraduate students are housed on campus throughout their four years
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8,700 units & ~15,000 beds
across campus devoted to housing Harvardaffiliates
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276
new housing units for Harvardaffiliates at 100 S. Campus Dr. in Allston
image credit: Urbanica, Inc.
Harvardis collaborating with the City of Boston to create more housing in Allston-Brighton
Through funding and land donation, Harvardhas enabled the City of Boston and third-party developers to undertake two Allston housing projects– including the creation of 43 affordable homeownership units on land donated by Harvardat 65 Seattle St. in Allston, and the transformation of the historic Hill Memorial Baptist Church on North HarvardSt. into 49 affordable rental units for Boston seniors. Harvardcontributed $4.8 million to fully fund site acquisition for the latter.
Harvardlocal housing collaborative
Launched in 2000, the HarvardLocal Housing Collaborative seeks to create and preserve affordable housing in the region through a low-interest, flexible loan program in partnership with local nonprofits. Low-interest financing is critical to enabling the early stages of affordable housing development.
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7,500+
units of affordable housing created or preserved in the past 20 years
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180+
affordable housing development projects in Boston and Cambridge
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$1.9 billion
leveraged for housing development in Boston and Cambridge
How the fund works
Since 2000, Harvardfunding that has helped leverage more than $1.3 billion in housing development across more than 180 projects in Boston and Cambridge.
NONPROFIT HOUSING PARTNERS:
Supporting affordable housing in Allston
Harvardis committed to several initiatives aimed at creating and preserving affordable and diverse housing options in Allston-Brighton.
| Projects | # of Units | # of Affordable Units | Homeownership | Affordable | Senior Housing | No Cost Land | ||
| 90 Antwerp Street | 20 | 12* | X | X | X | |||
| 65 Seattle St | 43 | 43* | X | X | X | |||
| All Bright Homeownership Program | 25 | 0 | X | |||||
| Enterprise Research Campus | 345 | 86* | X | |||||
| Addiction Treatment Center of New England | 11 | 11** | X | X | ||||
| Hill Memorial Baptist Church | 50 | 50(3) | X | X | ||||
| Other ºÚÁÏÍø-Enabled Developments | 857 | 123 | X | |||||
| Total | 1,350 | 324 |
Allston housing initiatives
All Bright Homeownership Program
A first-of-its-kind partnership between Allston Brighton Community Development Corporation (ABCDC), HarvardUniversity, and the City of Boston designed to improve homeownership stabilization for local residents.
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$14.7M
in funding leveraged by ABCDC since the start of the program
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20
properties purchased since the start of the program
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25
units sold since the start of the program
90 Antwerp Street and 65 Seattle Street in Allston
20 deed-restricted homeownership units with 12 affordable units enabled through Harvarddonated land. Building on the success of 90 Antwerp Street development, Harvardannounced the donation of a one-acre parcel at 65 Seattle Street in Allston.
Enterprise Research Campus: affordable housing commitments
The approval of the first phase of ºÚÁÏ꿉۪s Enterprise Research Campus (ERC) in Allston created new affordable housing opportunities:
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$25M
in Harvardfunding to enable affordable housing in Allston-Brighton
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25%
of all residential units in Phase A will be affordable
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20%
of units in future phases of ERC development will be affordable