Amherst Affordable Housing Trust Board Approves $350,000 for Housing Project Amid Strategic Deliberations

Overview: The Amherst Affordable Housing Trust Board’s recent meeting saw the approval of a $350,000 allocation to support a local housing project, along with discussions on future funding strategies and community engagement plans.

Amherst Affordable Housing Trust Receives Significant Donation

Overview: The Amherst Affordable Housing Trust Board meeting was marked by the announcement of a substantial donation from the Interfaith Housing Association, which is in the process of dissolving. The board unanimously agreed to accept the donation, which will impact affordable housing initiatives in the community. The meeting further encompassed discussions on a myriad of financial strategies aimed at addressing the housing needs in Amherst, including securing automatic funding transfers, advocacy for real estate transfer fees, and the potential role of the trust in reviewing inclusionary zoning projects.

Amherst Housing Board Aims for 200 Affordable Units

Overview: The Amherst Affordable Housing Trust Board has set an ambitious new target to create 200 affordable housing units within the next five years. This revised goal, down from an initial target of 250 units, reflects a pragmatic approach to addressing the housing needs of the community while still aspiring to reach 300 units. In addition to the unit target, the board aims to secure $4 million over the same period to support the trust’s initiatives. These headline decisions emerged from a recent board meeting focused on affordable housing strategies, funding mechanisms, and community engagement.