8-10 Lancaster Street
The Cambridge Housing Authority (CHA) purchased, renovated, and operated 8-10 Lancaster Street, a 65-unit mixed-income apartment building in Porter Square. Formerly rent controlled, the building was fully occupied by a mix of low- and moderate-income, and market-rate tenants and was at risk of being converted to market-rate condominiums. The CHA has retained income diversity in the property by ensuring that at least 55 units will serve households with incomes below 80% AMI, and that the remaining units serve households with incomes less than 120% of AMI. In 2005, the CHA completed the final phase of a multi-year total rehabilitation of the building, resulting in a more energy efficient and permanently affordable property.
For more information, please visit the CHA's project page here.