FUNDING

With Cambridge Redevelopment Authority

  • Graphic with the text "CRA Forward Fund" and arrows pointing to the right, symbolizing progress or movement

    FORWARD FUND

    The Cambridge Redevelopment Authority’s Forward Fund (the Fund) is a grant program created in 2015, to invest development funds generated in the Kendall Square Urban Redevelopment Area, into projects led by non-profit organizations and community groups in the City of Cambridge. The Fund’s goal is to provide financial assistance for capital infrastructure projects that will improve or maintain the quality, efficiency, and accessibility of organizations that provide services for the benefit of the City's residents, workers, and visitors.

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  • Illustration of a modern multi-story building with trees and a parked car in front. A sign on the building reads 'Cambridge Redevelopment Authority Housing Capital Fund'.

    CRA HOUSING CAPITAL FUND

    The CRA Housing Capital Fund is a $10 million fund launched in October 2024 with the aim of spurring residential development in Cambridge by providing equity investments and loans to housing developers. Funds are provided at below-market return or interest rates in exchange for developers providing additional public benefits in their projects.

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