Housing Initiatives

Harvard is committed to working with its host communities to address the region’s high cost of housing. In addition to housing 98 percent of its undergraduates for four years, which relieves pressure on the local housing market, Harvard works 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.

99%

of Harvard undergraduate students are housed on campus throughout their four years
8,700 units & ~15,000 beds

across campus devoted to housing Harvard affiliates
500

new housing units being constructed at 175 North Harvard Street, Allston

image credit: Urbanica, Inc.

Harvard is collaborating with the City of Boston to create more housing in Allston-Brighton

Through funding and land donation, Harvard has 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 Harvard at 65 Seattle St. in Allston, and the transformation of the historic Hill Memorial Baptist Church on North Harvard St. into 49 affordable rental units for Boston seniors. Harvard contributed $4.8 million to fully fund site acquisition for the latter.

7,000+

units of affordable housing created or preserved in the past 20 years
180+

affordable housing development projects in Greater Boston
$20 million

low-interest, flexible loan program is how Harvard supports the initiative.

A chart that shows how Harvard's funding, plus outside funding, helped create 7000+ new affordable housing units

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:

Supporting affordable housing in Allston

Harvard is committed to several initiatives aimed at creating and preserving affordable and diverse housing options in Allston-Brighton.

# of Units	# of Affordable Units	Homeownership	Affordable	Senior Housing	No Cost Land
90 Antwerp Street	20	12*	X	X	X
All Bright Homeownership Program	25	0	X
65 Seattle Street	42	42*2	X	X	X
Enterprise Research Campus	345	86*		X
Addiction Treatment Center of New England	11	11**		X
Hill Memorial Baptist Church	50	50(3)		X	X
Other Harvard-Enabled Developments	857	123		X
Total	1,350	324

Allston housing initiatives

$14.7M

in funding leveraged by ABCDC since the start of the program
20

properties purchased since the start of the program
25

units sold since the start of the program

A street sign that says Brighton and Allston

90 Antwerp Street and 65 Seattle Street in Allston

20 deed-restricted homeownership units with 12 affordable units enabled through Harvard donated land. Building on the success of 90 Antwerp Street development, Harvard announced the donation of a one-acre parcel at 65 Seattle Street in Allston.

$25M

in Harvard funding to enable affordable housing in Allston-Brighton
25%

of all residential units in Phase A will be affordable
20%

of units in future phases of ERC development will be affordable