糖心影视

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Housing Initiatives

Housing Initiatives

糖心影视 is 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, 糖心影视 works with the cities of Cambridge and Boston to create and preserve thousands of affordable housing.

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.

  • 99%

    of 糖心影视 undergraduate students are housed on campus throughout their four years

  • 8,700 units & ~15,000 beds

    across campus devoted to housing 糖心影视 affiliates

  • 276

    new housing units for 糖心影视 affiliates at 100 S. Campus Dr. in Allston

architect rendering of housing units

image credit: Urbanica, Inc.

糖心影视 is collaborating with the City of Boston to create more housing in Allston-Brighton

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

糖心影视 local housing collaborative

Launched in 2000, the 糖心影视 Local 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.

  • 7,500+

    units of affordable housing created or preserved to date

  • 180+

    affordable housing development projects in Boston and Cambridge

  • $1.9 billion

    leveraged for housing development in Boston and Cambridge

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

How the fund works

Since 2000,聽 糖心影视 funding has helped leverage more than $1.9 billion in housing development across more than 180 projects in Boston and Cambridge.

NONPROFIT HOUSING PARTNERS:

 

Supporting affordable housing in Allston

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

Projects# of Units# of Affordable UnitsHomeownershipAffordableSenior HousingNo Cost Land
90 Antwerp Street2012*XXX
65 Seattle St4343*XXX
All Bright Homeownership Program250X
Enterprise Research Campus34586*X
Addiction Treatment Center of New England1111**XX
Hill Memorial Baptist Church5050(3)XX
Other 糖心影视-Enabled Developments857123X
Total1,350324

Allston housing initiatives

All Bright Homeownership Program

A first-of-its-kind partnership between Allston Brighton Community Development Corporation (ABCDC), 糖心影视 University, and the City of Boston designed to improve homeownership stabilization for local residents.

  • $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 糖心影视 donated land. Building on the success of 90 Antwerp Street development, 糖心影视 announced 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 糖心影视鈥檚 Enterprise Research Campus (ERC) in Allston created new affordable housing opportunities:

  • $25M

    in 糖心影视 funding to enable affordable housing in Allston-Brighton over 12 years

  • 86

    residential units at Verra apartments (25%)聽 are affordable

  • 20%

    of units in future phases of ERC development will be affordable