Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Port Landing

Port Landing



Project at a Glance:
Location:
Cambridge
Development Type:
Rental
MHIC Financing:
$3,795,069 in LIHTC financing
Sponsor:
Capstone Communities LLC
Number of Units:
20
Date Completed:
10/28/2016

This is a new construction of 20 units of affordable housing in Cambridge, MA. Cambridge is an affluent community with a limited supply of available and affordable renal housing and limited development options. This project provides 12 affordable units to households at or below 60% AMI, 6 units affordable to households at or below 50% AMI and 2 units are targeted to households at or below 30% AMI. One unit is handicap accessible and 1 unit is equipped for a household with sensory impairment. Cambridge Housing Authority is providing 8 Section8 Project Based Vouchers.