Cambridge Redevelopment Authority Launches $10 Million Affordable Housing Capital Fund

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The Cambridge Redevelopment Authority set aside $10 million for ongoing housing projects last week. By Marina Qu

The Cambridge Redevelopment Authority has reserved up to $10 million for its Housing Capital Fund to provide financial assistance for ongoing housing projects in Cambridge.

On Sept. 12, the CRA Board released a memo outlining the goals of the fund. The program aims to give support to existing, unfinished housing initiatives, an approach which the CRA found to be effective for expanding affordable housing…

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