Developments > Cornerstone Village
This North Cambridge co-housing project was developed by the families who intended to live there. MHIC provided the financing to purchase a 57,000 square foot vacant lot for pre-development for the construction. Eight of the 32 units were sold to families earning less than 80% of the median income.
Cornerstone Village
Project at a Glance:
Location:
Cambridge
Development Type:
Rental
Project Type:
New construction
MHIC Financing:
$3,500,000 in debt financing
Sponsor:
Cornerstone Co-Housing Builders Group LLP
Number of Units:
32
This North Cambridge co-housing project was developed by the families who intended to live there. MHIC provided the financing to purchase a 57,000 square foot vacant lot for pre-development for the construction. Eight of the 32 units were sold to families earning less than 80% of the median income.