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Belchertown EDIC voted unanimously, 6-0, to ask MassDevelopment to begin drafting a purchase and sale agreement with The NHP Foundation and Sydney Capital Group for a proposed 105-unit affordable housing project. The estimated $60 million development would include six residential buildings, rehabilitation of the Administration Building, 190 parking spaces, rooftop solar, and electric vehicle charging.
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The vote moves the proposal into agreement negotiations but does not give final approval for construction. The project would offer apartments at several income levels, with construction completion currently estimated for 2029 if the developers secure state and federal funding. EDIC members still want details about Sydney Capital Group's ownership share and asked MassDevelopment to consider a nonrefundable deposit.
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