Putnam Square - 2 Mt Auburn Street

2 Mt Auburn

In August 2013, Putnam Square Apartments was successfully purchased by local non-profit developer Homeowners Rehab, Inc. (HRI), thereby securing affordability of 94 apartments for seniors and disabled individuals.  Built in the early 1970s by Harvard University, the development is located at 2 Mt. Auburn Street at the intersection of Massachusetts Avenue, Mt. Auburn Street and Putnam Avenue, near Harvard Square.

The sale of Putnam Square Apartments to HRI by Harvard University fell under the state’s Chapter 40T statute, which provides the state or its designee the right to make a first offer to purchase “expiring-use” properties.  City officials, with the support of City Council, worked with the tenants and tenant advocates to make sure that all parties understood the importance that Putnam Square Apartments be sold to an experienced affordable housing developer who would preserve affordability for the long term and complete important building upgrades.  The state selected HRI as their 40T designee and HRI made an offer to purchase the property.

Harvard’s selection of HRI as purchaser, and the University’s commitment to provide additional resources to help tenants access services, will ensure that residents will be well-served for years to come and that this important housing resource will be permanently preserved.  Since purchasing the property, HRI has completed a comprehensive building renovation. 


The Rehab for Putnam Square Apartments has been completed and all units are occupied. No further updates will be made to this project page.

Units:

  • 94 affordable rental units comprising 10 Studios and 84 One Bedrooms

Land Area:

  • 14,870 square feet

Funding:

  • Cambridge Affordable Housing Trust

 

  • 2 Mt Auburn
  • Putnam Sq
  • Putnam sQ
  • Putnam Sq
  • Putnam Sq
  • Putnam Sq
  • 2 mt Auburn
  • 2 Mt Auburn
  • Putnam Sq
  • 2 Mt Auburn

Putnam Square is owned and operated by Homeowner's Rehab, Inc. (HRI). If you are interested in applying for housing at Putnam Square, please contact Winn Management at 617/868-0808.

If you are interested in other affordable rental or homeownership opportunities please click here to learn about other City Programs.