Harvard’s 20/20/2000 affordable housing initiative helped build, renovate 4,350 units in Boston and Cambridge
Over the past decade, Harvard University has helped to build and renovate 4,350 units of affordable housing in Boston and Cambridge by investing $20 million in low-interest loans through the Harvard 20/20/2000 initiative. Through it, Harvard has helped to fund about 17 percent of the affordable housing units built or renovated in Cambridge and Boston since 2000. “Supporting the supply of affordable housing in Cambridge and Boston is just one of the many ways that Harvard is working to improve our local communities,” said Harvard President Drew Faust. “We are pleased to join with the leadership of both cities on the 20/20/2000 initiative, which has helped to finance nearly one out of every six units built in Cambridge and Boston and provided many local working families with homes.” Boston Mayor Thomas M. Menino, who attended the ribbon cutting of the Doña Betsaida Gutiérrez Housing Cooperative on Oct. 30, said: “Quality, affordable housing...