East Street School and Belchertown Road Affordable Housing Development:
Amherst
54299
8
Wayfinders is requesting CPA funds to support tasks that will lead to the construction and leasing of mixed income apartments located at the East Street School and 72, 76, and 80 Belchertown Road sites. CPA funds will be used for design, engineering, pre-development diligence, and construction. Wayfinders will enter into a Land Development Agreement for the town-owned land to create approximately 70 units between the two sites. The recommended award amount is based on the size of the original ask, and on Town staff confirming that Wayfinders will work with the town to access $600,000 in other sources of funds (for a total town funding support of $1,000,000.)
Project in progress
02-27-2023
Project Category
Project Details
Housing Units
0
70
70
Acres
0
0
0
0
0
0
CPA Funding
$0
$400,000
$0
$0
$0
$400,000
$0
0
$0
Other Funding Sources Leveraged
$600,000
$0
$0
$0
$0
Total Project Cost
$1,000,000
$600,000
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