Expanding Successful Affordable Housing in the City of Cambridge
The Walden Square Phase II development proposes to construct 103 new units of family affordable housing on the property of Walden Square Apartments. Owned and managed by Boston-based WinnCompanies, the community of Walden Square has provided quality affordable housing for residents of the City of Cambridge for more than two decades.
The development team is revising its proposal for new affordable housing at Walden Square and expects to put forward an updated plan later this year or early next year. The revised plan will present two buildings designed in a way that preserves the number of proposed new apartments while reducing the massing of our initial proposal. The revised proposal will also seek to add additional parking spaces.
With Walden Square Apartments facing a waitlist of nearly 800 households, the revised plan will remain focused on the meeting the community’s most urgent need, specifically 100% affordable housing for working families in larger apartments, along with additional units for individuals with sensory and mobility impairments.
The company’s initial proposal under the city’s Affordable Housing Overlay (AHO) ordinance was designed to deliver badly needed affordable housing as quickly and as cost efficiently as possible given the current market’s astronomical construction costs. The revised proposal will likely be more expensive, and it remains to be seen whether there will be sufficient funding to make it financially feasible.
We appreciate the feedback we have received from Cambridge city officials and residents and look forward to fast-tracking this important project in the next few months.