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Totals

Total Square Footage 125,000
Total Dollar Volume $12,100,000.00

General

Established 1972
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Homeowner’s Rehab, Inc. is a 501(c)3 organization founded in 1972 by a group of concerned residents who recognized the need to stabilize their community.

With an initial focus on homeownership, HRI strived to support mixed income communities, rich in ethnic and racial diversity. Since then, HRI has shifted its focus from homeownership to include rental properties as a means to create new opportunities for households that cannot compete in Cambridge’s housing market. HRI’s continuing mission is to provide safe, affordable, decent, and sustainable housing.

While some of HRI’s developments are mixed income, a significant majority of the units are rented at rates affordable to low- and moderate-income families. To date, HRI has developed over 1,500 units of housing, owns over 1,250 apartments, and owns more than 55,000 square feet of commercial space in Cambridge.

The Home Improvement Program (HIP) operated by HRI for over 40 years provides home improvement loans at affordable terms and technical assistance to homeowners in Cambridge who cannot afford to maintain their homes. Without the assistance of the HIP program, these homeowners would likely be forced to sell their deteriorating and unsafe homes and move out of their neighborhoods.

HRI believes that it is the responsibility of affordable housing developers to address environmental issues such as air pollution, global warming, and landfill shortages. Drawing on years of experience and creative thinking, HRI works to combat these issues during the construction and renovation process so that families can enjoy healthy, energy efficient, and less expensive homes that help preserve our surrounding local environment and our planet. HRI continually seeks new ways to lessen our buildings’ environmental impacts through decision-making, design, construction, and operations strategies that help conserve resources.

HRI also ensure to provide excellent resident services programming tailored to the needs and interests of its residents. Some efforts include but are not limited to: Individual Development Account programs, an annual Scholarship Program, a computer learning center, a Lending Circles program, and many other components which aim to improve the quality of life and provide opportunities for all residents residing in HRI’s housing portfolio.

Updates

Finch Cambridge
- Jul 23, 2019

Rough Framing Complete for HRI Concord Highlands Wood framing is in place for the upcoming 100% affordable residential project along Concord Ave. across from Fresh Pond in Cambridge. HRI Concord Highlands will feature 98 units, a mix of 1 through 3 bedrooms with levels of affordability ranging from below 30% AMI through 100% AMI. Construction is expected to be complete in January 202 and the lottery for the residences will take place this winter.


Finch Cambridge
- Apr 07, 2019

Concrete Cores in Place and Wood Framing Started for HRI Concord Highlands Project Two concrete cores are in place with wood framing going up for what will be Cambridge's largest new 100% affordable housing development in the last 40 years. The building at 671-675 Concord Avenue will feature 98 affordable apartments, a mix of one, two, and three bedrooms. Resident amenities will include a community room, a rooftop terrace and both front and rear outdoor recreational areas along with parking for 98 vehicles. Construction is expected to be complete in January 2020.  


Finch Cambridge
- Jan 02, 2019

Structural Steel Work Ongoing for Affordable Housing Development in Cambridge Structural steel work is ongoing along with decking install and foundation pours for HRI Concord Highlands, the upcoming 98 unit building in Cambridge. The project will feature a unit mix of one, two and three bedrooms, all designated as affordable. Resident amenities are set to include a community room and rooftop terrace. The building is located across from the Fresh Pond Reservation and just a few minutes from Alewife Station.    


Finch Cambridge
- Jun 26, 2018

Cambridge Affordable Housing Project MortgagedThe property at 671-675 Concord Ave in Cambridge, MA has been mortgaged for $5,054,745 million. The proposed 6-story residential building which would be Cambridge’s largest new-construction 100% affordable housing development in over 40 years. HRI Concord Highlands would feature 98 affordable apartment residences including 1-, 2- and 3- bedrooms available to extremely low- (below 30% AMI), low- (up to 60% AMI), moderate- (60-80% AMI) and middle income (80-100% AMI) households. Residences would include 32 one-bedrooms, 45 two-bedrooms and 21 three-bedrooms.


Auburn Court Apartments
- Nov 12, 2017

Upgrades and expansion completed to Auburn Court mixed-income apartments in Cambridge A ribbon-cutting ceremony was recently held for the upgraded and expanded Auburn Court mixed-income apartments in Cambridge. The project’s scope included occupied renovation of Auburn Court’s original 77 units, completed in 1995, construction of one new unit within a pre existing office space and construction of a new, LEED Platinum-certified four-story building containing eight units. A total of 86 mixed-income housing units are now located at Auburn Court, including 55 that are designated affordable, across nine mid and low-rise buildings. The $12.1 million project was funded by MassHousing and Massachusetts Housing Investment Corporation.


Finch Cambridge
- Feb 22, 2017

Homeowner's Rehab proposes largest Cambridge affordable housing development in over 40 years Cambridge-based affordable housing developer Homeowner's Rehab is proposing to construct HRI Concord Highlands, a 98-unit residential building which would be Cambridge's largest new-construction 100%-affordable housing development in over 40 years. HRI Concord Highlands would be located on a 1-acre site a short walk to the Alewife MBTA Red Line station. Homeowner's Rehab has filed plans for the project with the City of Cambridge, who is now reviewing the project.


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Projects

Auburn Court Apartments
Finch Cambridge