Google invests in the new Charlesview

Affordable housing investment in Allston clicks for Google - Business - The Boston Globe:

“We want to be responsible corporate citizens, and that’s what drove us to invest, but the returns are also quite good considering the risk,’’ said Axel Martinez, an assistant treasurer for Google. “Charlesview is one of the places where we were able to add value, when in the past projects like that wouldn’t have gotten done.’’

MassHousing is providing a series of loans for the Charlesview project, along with $72 million in financing from Harvard University and the $28 million from Google, which stepped up its investments in low-income housing in 2010, when the prices of tax credits were between 60 and 70 cents on the dollar."