Word: funds
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Dates: during 1990-1999
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Harvard's recently announced commitment to fund affordable housing with $20 million in loans and a $1 million grant could eventually create up to $400 million for the Boston area--an unprecedented contribution, according to local housing non-profits...
...Fund managers said Harvard's $21 million housing allocation could spur other universities and community institutions to take similar steps...
Harvard President Neil L. Rudenstine is expected to announce a multi-million dollar initiative today to use University money to fund affordable housing in Cambridge and Boston over the next 20 years...
...will call for the University to give $20 million in low-interest loans and a $1 million grant to three non-profit groups in the Boston area. The loan money will be given by those groups to affordable-housing organizations and the grant will go to fund housing research...
...intermediaries will then dispense both small and large loans to fund developments ranging from renovating existing apartments to building new units and providing special-needs housing...