Developments > Keet & Tamarack Apartments
MHIC provided a construction financing to the Amherst Housing Authority (AHA) for the rehabilitation of Keet House, a fully-occupied, 2-story, four-unit apartment building, and for new construction of two modular duplex buildings on two unimproved lots on Tamarack Drive. Amherst is a community marked by a shortage of affordable multi-family housing units, where low income households must compete for units with the growing student population. Keet House was an expiring use property that was acquired by AHA in 2003 to preserve affordability. Tamarack Drive is a neighborhood of one and two-family homes. The units were developed under the Commonwealth’s Modular Infill Pilot Program, designed to encourage local housing authorities to build new affordable housing that is not public housing.
Keet & Tamarack Apartments
Project at a Glance:
Location:
Amherst
Development Type:
Rental
Project Type:
Rehabilitation and new construction
MHIC Financing:
$330,000 in debt financing
Sponsor:
Amherst Housing Authority
Number of Units:
8
MHIC provided a construction financing to the Amherst Housing Authority (AHA) for the rehabilitation of Keet House, a fully-occupied, 2-story, four-unit apartment building, and for new construction of two modular duplex buildings on two unimproved lots on Tamarack Drive. Amherst is a community marked by a shortage of affordable multi-family housing units, where low income households must compete for units with the growing student population. Keet House was an expiring use property that was acquired by AHA in 2003 to preserve affordability. Tamarack Drive is a neighborhood of one and two-family homes. The units were developed under the Commonwealth’s Modular Infill Pilot Program, designed to encourage local housing authorities to build new affordable housing that is not public housing.