Word: caht
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...Harvard disbursed its $20 million--split equally between Boston and Cambridge--among three intermediary non-profit organizations, the Cambridge Affordable Housing Trust (CAHT), Boston Community Capital and the Local Initiatives Support Corporation, who will pass the money on to local community development corporations in the form of low-interest, unrestricted loans...
...purchase of the Lancaster Street property, Harvard funds accounted for $1.5 million of the $11.4 million total price tag, with the city of Cambridge, CAHT, the U.S. Department of Housing and Urban Development, and East Cambridge Savings Bank making up the remainder...
...Healy, the city's chief executive and managing director of CAHT, has worked closely with Harvard throughout his 30-year tenure as city manager. In his remarks yesterday, he stressed the University's longtime collaborative relationship with Cambridge and singled out Rudenstine, who will resign in June, for special praise...
...CAHT, a nonprofit organization run by the city of Cambridge, will distribute the remaining $6 million of Harvard's loan...
...love it if CAHT would come in and fill those gaps [using the Harvard money]," said CASCAP Executive Director Michael Haran...