Word: renting
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Nearly 50 Cambridge residents gathered last night in freezing temperatures to demand that Harvard divest itself from 700 formerly rent-controlled apartments...
...thing I really value about Cambridge is diversity, and the loss of rent control threatens that diversity," said Steve Schnapp, a Cambridge resident of 18 years...
Organizers of the vigil say they hope to win support for an Oct. 24 resolution passed by the Cambridge City Council recommending that Harvard divest itself of all its formerly rent-controlled property...
Harvard, which currently owns five percent of Cambridge's formerly rent-controlled apartment units, plans to raise the rent of 600 units and to rent vacant units only to Harvard affiliates. Harvard has volunteered to set aside 10 percent of its units for low income tenants. Community leaders, however, have maintained that the 10 percent figure...
...These neighborhoods are especially vulnerable with the end of rent control. Because of their proximity to Harvard Square and to Harvard, rents in these neighborhoods have as much as doubled," said Preston, whose organization represents the neighborhoods immediately northwest of Harvard...