Clark House (center) Ann Whalen (left) Bangs Center (front left)
The 100 residential unit Clark House, a six story structure in downtown Amherst, is getting ready for a change in ownership. Fortunately to a "qualified Preservation Buyer" so all the Section 8 tenants will probably not be displaced.
The Clark House was built in 1980 as part of the Amherst Redevelopment Authority's ambitious Boltwood Walk project. The facility is currently 100% Section 8 tenants with 60 of the units Low Income and 40 units Extremely Low Income.
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Amherst is in the minority for communities in the state with a Subsidized Housing Inventory greater than 10%, although housing in general is still in short supply. As a result Amherst has higher prices which drives out middle income workers, seniors and young families.
Because Clark House is already exempt from Amherst property taxes, the sale will have no impact on the tax base.