Word: convert
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Under a plan proposed by the Harvard and unanimously endorsed Monday night by the City Council, the University will sell 100 units to the city at below-market prices, set aside 74 units for its current low-income tenants, and convert the remaining apartments to housing for Harvard affiliates...
...school and the city reentered discussions. As Galluccio pointed out, the city was not in a position to deal. After the abolition of rent control, Harvard was legally free to raise rents, sell properties or convert to affiliate housing...
...time, HPRE proposed to set aside 94 units for low-income tenants through 1998, to keep 60 units affordable for 20 years and to keep 10 units permanently affordable. HPRE proposed to convert units to affiliate housing as they were vacated...
...Cambridge City Council agreed last night to support Harvard's plan to sell about a quarter of its formerly rent-controlled property to the city and convert much of the remainder to affiliate housing...
...University stipulated that the sale would be made on the condition that Cambridge support the decision to either convert remaining units to affiliate housing or sell them at market value...