Frost Terrace
Update
01/18/18
Frost Terrace affordable housing development in Cambridge's Porter Square approved
Capstone Communities and Hope Real Estate Enterprises have received approval to construct Frost Terrace, a 100%-affordable housing development located in the heart of Cambridge's Porter Square. The development will contain 40 rental apartment residences including one, two and three-bedrooms, which will be rented to individuals and families earning between 30% and 60% of area median income (AMI).
Frost Terrace will be located steps from the MBTA Red Line, and will provide three on-site parking spaces. Now that the City of Cambridge has approved the development, Capstone and Hope will be able to apply for state financing for Frost Terrace. Pending receipt of financing, the proponents aim to break ground on the development in early 2019. Construction is expected to last approximately 16 months.
