112 units of affordable housing planned for Cambridge
CAMBRIDGE, Mass. — The development of 112 units of affordable housing in Cambridge, including the construction of a 16-unit building destroyed in a devastating fire, is a step closer.
The Massachusetts Housing Finance Agency has closed on $22.6 million in financing for the nonprofit developer Just-A-Start Corporation.
That will help the developer move ahead on 20 low-rise, mid-rise, and town house apartment buildings, located on 10 sites throughout Cambridge.
All 112 rental units will be affordable to households earning at or below 60 percent of the area median income, about $62,000 for a family of four.
Fire investigators said the massive blaze that damaged or destroyed 18 buildings last December was caused by the careless disposal of smoking material by a worker.
The fire displaced more than 100 residents. No one died.