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Largest residential development in organization history is the first project completed under Cambridge’s Affordable Housing Overlay聽

Cambridge, MA 鈥� June 8, 2026 鈥� Just A Start, alongside elected officials, project partners, residents, and community members, celebrated the completion of 52 New Street with a ribbon-cutting ceremony marking a major milestone in Cambridge鈥檚 efforts to expand affordable housing opportunities. 

The six-story development brings 106 permanently affordable rental homes to North Cambridge and represents the largest residential development in Just A Start鈥檚 history. Located adjacent to Danehy Park and within walking distance of the Alewife MBTA station, the development transforms a formerly vacant building and parking lot into a vibrant, sustainable community designed to support residents of varying incomes. 

鈥淲ith move-ins already underway, families are beginning a new chapter in homes that provide stability, opportunity, and connection to the Cambridge community,鈥� said Carl Nagy-Koechlin, Executive Director of Just A Start. 鈥�52 New Street represents what is possible when communities invest boldly in affordable housing. We are deeply grateful for the years of partnership, collaboration, and support from the public and private partners who helped bring this vision to life and ensure residents can continue to live and thrive in Cambridge. 

The project also represents a significant milestone for the City of Cambridge as the first development approved under the City鈥檚 Affordable Housing Overlay, a zoning initiative intended to accelerate the creation of affordable housing throughout Cambridge. 

鈥淲e are so proud to see 52 New Street reach this incredible milestone. This property is especially important to us, as the first project permitted under the Affordable Housing Overlay,鈥� said Cambridge City Manager, Yi-An Huang. 鈥淲e are grateful to Just A Start for believing in our citywide vision for equitable access to housing in Cambridge, and we are pleased to gather today to celebrate 106 new affordable homes for Cambridge families.鈥� 

鈥淗ousing affordability is a top priority for the City of Cambridge and for our residents. For so many families, it is the foundation that makes stability and opportunity possible,” said Sumbul Siddiqui, Mayor of Cambridge. “The Affordable Housing Overlay was a major milestone, designed to make it possible to build more permanently affordable homes, faster. It is incredible to see one of the many fruits of that labor in just under three years. Through the collective investment of the City, the Cambridge Affordable Housing Trust, the state, private partners, and the hard work of Just A Start and their construction and architectural partners, 106 permanently affordable homes are now a reality in North Cambridge. And 52 New Street is only the first.鈥� 

Construction on the development began in December 2023. The completed project includes 22 one-bedroom apartments, 62 two-bedroom apartments, and 22 three-bedroom apartments, along with 3,875 square feet of ground floor commercial space. Residents will also benefit from a variety of community amenities, including roof and patio decks, a fitness room, community room, and play area. Built to Passive House energy efficiency standards, the development emphasizes long term sustainability and environmental responsibility. 

Of the 106 apartments, 17 are reserved for households earning up to 30% of Area Median Income (AMI), 79 are reserved for households earning up to 60% of AMI, 10 are designated as middle income units for households earning up to 80% of AMI. 

“This project will provide much-needed affordable housing for families in Cambridge,鈥� said Representative Steven Owens. 鈥淚’m so glad to see this project come to fruition and am grateful for all those who made it possible.” 

Beyond creating affordable housing, 52 New Street is designed to connect residents to opportunity. Thanks to Comcast’s generous donation of 106 laptops, every household moving into the development will have access to a vital tool for education, workforce participation, and everyday connectivity. 

The development was made possible through public and private financing partners committed to expanding affordable housing opportunities in one of the state鈥檚 most competitive housing markets. Allocations of state and federal Low Income Housing Tax Credits from the Massachusetts Executive Office of Housing and Livable Communities (EOHLC) generated approximately $43 million in Federal and State Low Income Housing Tax Credit equity for the development, as well as $5.3 million in direct support from EOHLC. This includes $1 million in American Rescue Plan Act funding through the Affordable Housing Trust Fund administered by MassHousing, and $1.5 million in Transit Oriented Development funding administered by Massachusetts Housing Partnership. 

鈥淎s we work to bring down housing costs and build new homes for the next generation, projects like 52 New Street are essential,鈥� said Juana Matias, Secretary of Housing and Livable Communities. 鈥淭he 106 new homes at 52 New Street will help more families put down roots in Cambridge while expanding the community鈥檚 supply of affordable housing. The Healey-Driscoll Administration was proud to partner in making this project possible.鈥� 

MassHousing provided additional $41.6 million in financing to support the project, including permanent financing, tax credit equity bridge financing, middle income housing financing, and Capital Magnet Fund financing. 

鈥淢assHousing is excited to be a partner in this effort by Just A Start that replaced a vacant building and a parking lot with 106 brand new apartment homes that will provide residents with mixed incomes the ability to live affordably in Cambridge,鈥� said MassHousing CEO Chrystal Kornegay. 鈥淭his new community is going to provide the households at 52 New Street with rental stability and economic opportunities in the city and beyond.鈥� 

The project also received acquisition financing and $8.7 million in permanent financing through the Cambridge Affordable Housing Trust and Community Development Block Grant funding, along with $47.5 million in construction financing from Santander Bank with participation from Eastern Bank. RBC Community Investments partnered as the Low-Income Housing Tax Credit Syndicator. Additional support includes MassDevelopment Brownfields Fund Grant, sponsor loan and solar tax credit financing. 

The project team included Callahan Construction Managers as general contractor, RODE Architects, Wingate Management as management agent, New Seasons Development as project consultants, Tierney Development Services, and Klein Hornig LLP. 

“Just A Start’s mission impacts thousands of Cambridge residents on a daily basis, and 52 New Street will further expand their abilities to provide stable housing and meaningful career training,” said Patrick 91暗网, President, 91暗网, Inc. “In addition, this project showcases how affordable communities can be built in accordance with cutting-edge environmental standards and integrate meaningful amenities for residents. We are honored to have played a role in its creation.” 

“We are so proud of this building and thrilled to see the early seeds of a community take root here,” said Ben Wan, Principal at RODE Architects. “From the courtyards and roof decks, to the amenity spaces and apartments鈥攁ll with beautiful views of the city and park鈥�52 New Street fulfills the team’s belief that every person is entitled to healthy, enriching, resilient housing.”