Word: rent
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Dates: during 1990-1999
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...committee recommended instead that Harvard and the city jointly fund a program enabling tenants to buy their formerly rent-controlled apartments at below-market rates...
Harvard unveiled its original plan for its nearly 700 rent-controlled apartment units last October...
Last month, after refusing for months to budge from its original proposal, Harvard Planning and Real Estate (HPRE) offered to sell 100 units--26 percent of its formerly rent-controlled property--to the city at below market price...
...city now has the option to buy 100 of Harvard's formerly rent-controlled apartments of various size and location for $3,155,200, or less than $32,000 per unit--a significant discount from market value...
...University has also agreed to voluntarily keep rent at below-market rates for "protected" tenants as long as they live in Harvard property. Seventy-eight Harvard tenants currently qualify for "protected" status due to low income or disability...