Cambridge Day Article: RAD Update

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Cambridge Day – 10.28.14 – by Sue Reinert

“In a deal that connects Wall Street to poor families in Cambridge, two of the largest banks in the country are investing in low-income public housing here. The planned agreements with Citibank and Wells Fargo will help fund $320.9 million in redevelopment of five sites, the first phase of the Cambridge Housing Authority’s comprehensive plan to preserve its aging housing.”

Please follow the link below to read the article in its entirety:

Defying skeptics, and making amends, giant banks invest in public housing