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This 42-unit, privately owned “expiring use” development located in the Central Square area of Cambridge became free and clear of all of its affordable housing restrictions. All 42 units, 88% of which were two-bedrooms or greater, had served a low-income population for over 30 years. All of these residents would have likely lost their homes if HRI had not acquired and redeveloped the property. Renovations included an upgraded electric system, upgraded utilities, replacement of 22 kitchens and 36 baths, a sprinkler system, and modification of two units for handicapped use. The property was completed and stabilized in 2004. 

 
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