Belchertown Road Background
On February 16, 2021 the Town of Amherst purchased the three lots that comprise the Belchertown Road Property - the lots located at 72, 76, and 80 Belchertown Road - for community housing purposes under the Community Preservation Act (CPA). The funding for this acquisition came from a combination of $135,000 in AMAHT funds and $600,000 in CPA borrowing awarded by the Amherst Town Council (the “Council”). The Town Manager was authorized by the Council to convey the fee to and/or enter into a long-term lease agreement (which may be for a term of 99 years or more) to lease all or a portion of this property, subject to the provisions of G.L. c. 30B, to a qualified purchaser for the development of community housing.
Since the Belchertown Road Property was acquired using affordable housing monies, this property may be used only for low and/or moderate income housing. No market-rate units may be developed on the Belchertown Road Property.