Cambridge Affordable Housing Corporation (CAHC)
CAHC was incorporated in 1989 as a charitable organization “to acquire, improve (through rehabilitation, new construction, and acquisition), and to make available, at the lowest possible cost to persons and families with low and moderate income of every race, religion and nationality, housing in the City of Cambridge.” CAHC currently owns 58 units and has a contract with the CHA for development, management and modernization services. CAHC currently has a Condo Acquisition Program (CAP) to acquire scattered site condominium units throughout Cambridge. Funding for this initiative is provided through the CHA, the City of Cambridge’s Affordable Housing Trust, and the Massachusetts Housing Partnership Fund. Units acquired are leased to low income individuals and families through the Section 8 program. In addition to the ongoing CAP, CAHC is currently exploring a number of very important new potential outlets for development.
Essex Street Management Incorporated (ESMI)
ESMI was organized in 2000 to provide, acquire, improve, and operate low rent housing for qualified individuals in Cambridge in accordance with the rules and regulations prescribed by the Department of Housing and Urban Development and the Commonwealth of Massachusetts. ESMI currently owns 14 condo units in conjunction with the John F. Kennedy HOPE VI effort.
Kennedy Management, Inc.
Kennedy Management, Inc. serves as the management company for both John F. Kennedy Apartments LLC and Lancaster Street Apartments LLC.
Resident Empowerment Services, Inc.
A non-profit organization organized in 2019 to support the development of physical, economic, social, and cultural revitalization of low- and moderate-income residents the Cambridge area. A main purpose of the organization is to identify and address the needs of these individuals with a focus on education, job training and placement, housing stability, health and wellness and other community social services. To accomplish its mission, the organization has been granted the directive to secure and manage contributions, bequests, grants and other funding from individuals, organizations, and government agencies.
Cambridge Housing Affordable Lending LLC
A Massachusetts limited liability corporation organized in 2017 for the purpose of financing projects of Cambridge Housing Authority for affordable housing development and preservation activities.