Finch Cambridge Update
Cambridge Affordable Housing Project Mortgaged
The 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.