Last year, Harvard announced the well-received 20/20/2000 initiative, providing low-interest loans toward affordable housing in Boston and Cambridge. Today's announcement is the second in a planned series of community initiatives.
Boston Mayor Thomas M. Menino said he is pleased with Harvard's involvement in the partnership, and that it shows a continuing effort to make lasting investments in Boston.
"Harvard wants to be involved in improving young people's education," Menino said. "Its part of Harvard giving back to the community."
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"They're really stepping up to the plate to help improve their neighborhood," Menino added. "It's another step forward."
--Staff writer Imtiyaz H. Delawala can be reached at delawala@fas.harvard.edu.