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The CRA Housing Capital Fund is a million fund launched in October 2024 by the Cambridge Redevelopment Authority to spur residential development in Cambridge, Massachusetts. The fund provides equity investments and below-market-rate loans to housing developers in exchange for additional public benefits incorporated into their projects. The first request for proposals closed March 31, 2025, with awards currently under evaluation.
The fund aims to support creative, equity-focused residential projects that improve housing availability and quality of life for Cambridge residents. Developers interested in future funding rounds should monitor the Cambridge Redevelopment Authority website for upcoming RFP announcements. Inquiries can be directed to the CRA at 255 Main Street, 8th Floor, Cambridge.
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CRA Housing Capital Fund — Cambridge Redevelopment Authority **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. **The first request for proposals closed on March 31, 2025. ** Proposals are currently being evaluated.
Please check back for information on awards and additional opportunities for funding from the CRA Housing Capital Fund. **For any inquiries about the fund, please contact:** 255 Main Street, 8th Floor, [](https://www. linkedin.
com/company/cambridge-redevelopment-authority/)[](https://www. instagram. com/cambridgeredevelopment/)[](http://www.
facebook. com/cambridgeCRA) **The Cambridge Redevelopment Authority** is committed to implementing imaginative, creative initiatives to achieve social equity and a balanced economic ecosystem. We work in the public trust to bring a human dimension to development, improving the quality of life for residents, businesses, employees, and visitors.
Our goal is to balance economic vibrancy, housing, and open space... LEARN MORE >
According to the current listing, eligibility includes: Housing developers undertaking residential development projects in Cambridge, with a focus on mixed-income housing. Confirm the full requirements in the official notice before applying.
The current listing shows $10,000,000 total fund. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Housing Capital Fund is funded by Cambridge Redevelopment Authority. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Massachusetts. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.