Word: renting
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Last Friday night, Doris Tanner of Oxford St. planted herself next to the Holyoke Center Christmas tree. It was quite cold, and she is quite old, but threat of eviction from her Harvard-owned housing ignited protest. The apartment she lives in is one of 700 formerly rent-controlled units which the University plans to convert into student and faculty housing. Even if she was offered a option to buy, Tanner regrets, she could not afford the going market rates...
...University has announced plans to convert the units, which are currently occupied by tenants who pay below-market rent, to student and faculty housing...
...community facing a "housing crisis from federal cuts, state cuts, loss of rent control and HUD deregulation," Cantabrigian Cheryl Pizza said. "Harvard has to do better...
According to the vigil's organizers, Harvard was the largest rent-control landlord in Cambridge until rent-control was eliminated in last year's state elections. Today it is the second biggest real-estate investor in Cambridge...
...Most folks associated with Harvard have means, whereas [the tenants of formerly rent-controlled units] are at the hands of institutions like Harvard," Schnapp said. "Through organization [the tenants] have gained power. It is a nice thing...