Cambridge remained a leader in recognizing the need for more housing. Inclusionary housing, which requires developers to incorporate affordable units into new residential buildings, has generated a significant amount of new affordable housing in Cambridge in recent years.
Overall, in FY24, the City is dedicating more than $60 million from a variety of sources to address affordable housing and homelessness.
In FY23, the City:
- Assisted 23 homebuyers with the purchase of City-assisted affordable homes.
- Facilitated access to affordable rental housing for 268 households through the City’s unified application for inclusionary rental housing covering more than 70 properties.
- With more than 1,100 completed rental units, more than 850 households have been moved into inclusionary rental units in the past five years.
- The City continued to coordinate with 15 neighboring municipalities through the Metropolitan Mayors Coalition Housing Task Force to promote housing growth across the region to address the long-term shortfall in housing production and establish a regional goal of building 185,000 new housing units by 2030.
- Assisted more than 800 residents with housing related concerns including tenant rights, unit or building conditions, landlord responsibilities, affordable housing opportunities, building sales, and health or safety questions.
- Assisted 215 residents with ongoing field-based intensive case management. Residents who received this deeper level of support included those with complex housing situations and/or personal health or mental health needs.
- Assisted 38 residents with successfully securing new permanent affordable housing.
- Assisted 59 Households that were displaced from their home due to fire or other emergencies.