MIT guarantees four years of consecutive on-campus housing to all undergraduates and requires all first-year students to live on campus. According to the latest City of Boston Student Housing Trends report, MIT houses a higher percentage of its undergraduate population than all but three of the 27 reporting institutions. As a whole, the reporting colleges and universities house less than 50% of their undergraduate population.
MIT is about to obtain a certificate of occupancy for 450 new beds of undergraduate housing on Vassar Street. This will provide flexibility in renovating the existing undergraduate housing stock.
Through the Volpe rezoning process in fall 2017, MIT committed to delivering a total of 950 new and converted graduate student beds. Students will occupy more than 450 new apartments in the Kendall Square Site 4 residence, with 201 units to be retired at Eastgate Apartments (E55). Approximately 135 graduate beds have been converted at 70 Amherst Street, and additional graduate housing opportunities have been made available by expanding graduate resident advisor beds in undergraduate facilities. MIT will be filing for special permits for up to 690 new graduate student beds before the end of 2020, thus exceeding the 950-bed commitment.
Even before these major gains in graduate student housing, MIT has been a leader in the provision of graduate student housing. According to the Boston Student Housing Trends report, only 11% of the reported 55,000 graduate students in the region live in university-provided housing; in contrast, MIT provides 34% of its graduate students with housing, three times the rate of other Boston area institutions. MIT provides housing for 49% of its students that choose to live in Cambridge.
While no estimate has been made of the expected impact, the Institute anticipates that the addition of more than 1,000 new graduate student beds and the optimization of on-campus housing for MIT graduate students will ease some pressure in the local housing market.
|Housing||Tax Exempt MIT-Owned & Managed Housing||Other Tax Exempt Housing||Taxable MIT-Owned & Managed Housing*||Other Taxable Housing|
|Undergraduate Students Residing in Cambridge|
|In Institute-approved housing||3,654||3,652||3,555||3,626||3,591||3,600-3,700|
|In off-campus housing owned & managed by MIT||0||1||0||0||0|
|In off-campus non-MIT housing||109||107||159||146||126|
|Graduate Students Residing in Cambridge|
|In Institute-approved housing||2,044||2,221||2,262||2,348||2,446||3,200- 3,500|
|In off-campus housing owned & managed by MIT||35||27||22||32||38|
|In off-campus non-MIT housing||2,610||2,468||2,500||2,415||2,422|
|Number of student parking permits issued (including resident and commuter parking)*||294||194||219||364||451|
Faculty and Staff
To assist with the high cost of housing in the region, MIT provides flexible and tax-efficient low-interest mortgage programs for its faculty. The overall program has proven to be an important recruiting and retention tool and is similar to programs offered by peer institutions. MIT’s program enrolls approximately 75% of eligible faculty. More than 500 faculty members have participated, of whom 146 participants have lived in Cambridge. An important goal of the program is to promote the ability for faculty to choose where they would like to live in the region.