Housing Project Opens Next July

A housing development accommodating from 60 to 80 faculty members and their families from Boston area colleges will be ready for occupancy by July of this year.

Two M.I.T. faculty members and a Boston construction expert are organizing the project located along the Sudbury River, one mile from the center of Concord. The houses, each accommodating one family, will be along the contemporary lines of the Graduate Center.

Total cost of each house with land will be from $4,600 to $13,000. The minimum down payment will be $900, with payments so spaced as to make them equivalent to $60 per month rent.

Thirty-five families have already signed up for accommodations. The additional 15 needed to continue work on the projet are expected this week.