Word: hpre
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Dates: during 1990-1999
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According to Susan K. Keller, vice president of residential real estate at Harvard Planning and Real Estate (HPRE), Harvard was already reexamining its Cambridge property in 1994 when Question Nine--the state referendum which abolished rent control--was proposed...
After a summer of discussion, HPRE unveiled its plan for the properties. In a letter to the Housing Committee dated October 12, 1995, Spiegelman proposed to gradually raise Harvard's rents to market level, and to fill apartments as they vacated with Harvard affiliates...
...City Council strongly opposed the HPRE proposal. Councillor Kathleen L. Born said that as a result of Harvard's plan, "the city would be polarized between rich, poor and transients...
...HPRE stood by its offer for nine months, suggesting that no other landlord had done as much to help its formerly rent-controlled tenants as Harvard proposed...
...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...