Word: millions
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Dates: during 1990-1999
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CAHT, a nonprofit organization run by the city of Cambridge, will distribute the remaining $6 million of Harvard's loan...
Combined with funds generated by "revolving," Harvard's commitment to providing a $20 million loan--over 20 years at 2 percent interest--will provide housing developers upward of 20 times that amount. Intermediaries will use University money to encourage additional giving from public and private institutions...
Thall predicted that the $10 million Harvard loaned LISC will attract $150 million more. Overall, Harvard's loan will allow LISC to create about 4,000 new units of affordable housing over 20 years, he said...
DeWitt C. Jones '79, the president of BCC, estimated the $4 million that his organization will receive would eventually draw $40 million more in contributions...
Fund managers said Harvard's $21 million housing allocation could spur other universities and community institutions to take similar steps...