Porter Square Affordable Development Brings 40 Housing Units 

Apr 14, 2024

Frost Terrace, a 100% affordable community in Cambridge’s Porter Square, celebrated its opening. Developed by Capstone Communities and Hope Real Estate, the transit-oriented project provides 40 affordable housing units.

With a range of unit sizes, including family-oriented options, 65% of Frost Terrace’s units are two- and three-bedroom apartments. The building also features electric heat-pump systems, energy recovery ventilation, and upcoming solar panels. The project earned multiple awards, including LEED Multifamily Midrise Gold.

Financing for the project came from various sources, including Rockland Trust, the Massachusetts Executive Office of Housing and Livable Communities, Cambridge Affordable Housing Trust, and the Massachusetts Housing Partnership.

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.