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Developer seeks tax breaks for conversion of Amherst nuns' residence to senior housing

The developer who wants to convert an Amherst residence for nuns into senior housing is seeking nearly $1.4 million in tax breaks.

Tzetzo Cos. would buy the St. Mary of the Angels regional house at 201 Reist St. and allow 62 nuns living there now to stay after interior work to boost the number of units from 73 to 99.

The Town Board hasn't acted on a required rezoning as Tzetzo seeks to win over neighbors who fear denser development.

The Amherst Industrial Development Agency will hold a public hearing at 8:30 a.m. Friday on the $13.1 million project that seeks property, sales and mortgage-recording tax breaks.

The currently tax-exempt property would generate $420,000 in new property taxes just in the seven years before it fully returns to the tax rolls, the IDA reported.

Neighbors oppose rezoning of Amherst residence for nuns

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