Trolley Square

 
 
Trolley Square

Trolley Square

This highly visible parcel on the corner of Massachusetts Avenue and Cameron Avenue in North Cambridge was designated by the City of Cambridge for development as affordable housing. HRI was fortunate in receiving designation and quickly assembled the financing for this mixed use, mixed income development. Of the 40 units, eight have been sold to first time homebuyers. The remaining 32 rental units are reserved for tenants with incomes 60% below AMI. (Seventeen of these units reserved for tenants with incomes below 30% AMI, thanks to the NeighborWorks America ELI Program). Trolley Square also features 2,800 square feet of a commercial/community space, 4,100 square feet of open space and a 42-space below-grade parking garage. This development has been constructed with a multitude of “Green” features and was the only project in the northeast to win a coveted Green Award from the Enterprise Foundation.

 

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