Word: hre
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...perennial battle against the city's rent control system, City Councillor William H. Walsh is always looking for new methods of attack. And if the conservative Independent gets his way, Harvard Real Estate (HRE) may turn out to be his latest weapon...
...Walsh's instigation, the City Council last night invited HRE President Kristin S. Demong to discuss how the Harvard-owned company allocates its rent-controlled housing...
...evidence for his belief, Walsh cited an HRE publication that says the company is "working to insure that these low-cost units are available to those who need them most...
...council's invitation to Demong asks her to to detail the precise criteria HRE uses to determine who gets housing. HRE currently owns 715 units of rent-controlled housing, 75 percent which is rented to Cambridge residents who are not affiliated to the University, according to HRE literature...
HARVARD'S focus on the bottom line reached symbolic and absurd proportions when control over Sanders Theater shifted from the Faculty of Arts and Sciences to Harvard Real Estate (HRE) two years ago. HRE administrators pledged to make Sanders competetive with Boston concert areas. The result for student groups was felt this year: tripled rent, no guarantee for performing dates and required purchase of unnecessary services. Students were being chased out of the only large performance space on campus...