Saturday, March 30, 2013
Presidential Apartments, one of the first big complexes to arise fifty years ago in a mutual symbiotic relationship with UMass, our largest employer, has been granted a special permit by the Amherst Zoning Board of Appeals to expand significantly (54 units) from the current 85 units to 139, or an increase of 96 tenants.
The 54 new units will spread out over nine new buildings and consist of a dozen one bedroom units and 42 two bedroom units. Six of these units will be "affordable" and will count towards Amherst's Subsidized Housing Inventory.
The town is currently at 10.8% and if it falls below 10% a developer can use a state CH40B wild card to build a rental housing mega-complex.
According to the Amherst Housing Production Plan between 1980 and 2010 housing production decreased by 12.8% in a town where 59.4% of the population are college students.
Presidential Apartments is also one of the complexes that is professionally managed by Kamins Real Estate and seldom shows up in Amherst police logs.