Presidential Apartments, nine new buildings with plenty of parking
Kendrick Place, with 36 units/104 tenants, wasn't the only new apartment complex to open for business yesterday. Presidential Apartments, built back in the 1960s, opened an entire new cluster of nine buildings holding 54 units/96 tenants.
But unlike Kendrick Place, six of those units will be "affordable" thereby adding to the town's Subsidized Housing Index which currently stands at 11.18%.
Any community in Massachusetts with an SHI lower than 10% is open to a Ch40B development that allows bypassing of local zoning ordinances for a housing project with at least 20% of the units subsidized.
Moving in yesterday
"College aged youth" currently make up 59% of Amherst's population because of course UMass, our #1 employer.
Kendrick Place and Presidential Apartments are, like bookends, conveniently located on either side of our flagship of higher education.