Amherst College (named after the town, not the General)
So the already squeaky tight rental housing market in Amherst, everybody's favorite college town, will get a little tighter this upcoming school year as the construction projects at Amherst College, our #1 landowner and property taxpayer, displaces 60 students from on-campus housing.
Sure, losing 15 apartment units out of total rental stock of 5,000 doesn't sound like much, and since the apartments normally rent for $2,540 + utilities, not overly affordable for families.
But in a town with a vacancy rate of only 3.5%, described by the Housing and Sheltering Committee as "well below state and national levels and representative of extremely tight market conditions," every unit matters.
At least the neighborhood will not have to worry about rowdyism.