Project Information
Amherst Community Land Trust - North Amherst Land Acqusiton
Amherst
42186
8
The Amherst Community Land Trust seeks to acquire a 0.74 acre undeveloped lot on North Pleasant Street in North Amherst (parcel 5C-28) in order to make that parcel available for the development of an affordable duplex for two low-income families. ACLT is a nonprofit charitable organization founded to address the shortage of affordable housing in Amherst and to strengthen neighborhoods threatened by high prices and absentee ownership. By acquiring this property, ACLT aims to increase the affordable housing stock in Amherst while promoting home ownership and long-term stewardship of housing resources in town. The ACLT lowered the amount requested to $95,000 after securing a grant from the Interfaith Housing, Inc. ACLT currently has a memorandum of Understanding with Pioneer Valley Habitat for Humanity to create two affordable units on the property. The purchase of this parcel will also help another non-profit organization, North Amherst Community Farm, who will use the proceeds toward their mortgage and other expenses.
Project complete
05-06-2015
Project Category
  Yes      
Project Details
Housing Units
2
2
4
Acres
0
1
0
0
 
0
1
CPA Funding
$0
$95,000
$0
$0
$0
$95,000
$0
0
 
$0
Other Funding Sources Leveraged
$0
$0
$0
$0
$0
Total Project Cost
$95,000
$0
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