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Quincy housing authority to buy college campus for $21 million
Livemint·
The Quincy Housing Authority plans to buy Eastern Nazarene College's closed campus for $21 million, pending Massachusetts attorney general approval. The nonprofit will develop affordable senior housing on the 27 acre site. The college closed last year after enrollment declines. Mayor Tom Koch said city council rejected an earlier city purchase, leading officials to pursue housing authority control.
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What It Means For You
- Affordable senior units and first-time buyer renovations could reshape the 27 acre campus.
- Sale approval rests with the state attorney general before closing.
- Neighbors in the historic Boston suburb await a low-density housing plan.
What's Happening
- Eastern Nazarene College shuttered after years of declining enrollment.
- More than 50 US colleges closed or merged since 2020 per the report.
- A prior alumni developer proposal for hundreds of units failed.
Quincy council debt vote
- City council members rejected Koch's plan to buy the campus with debt.
- Housing authority executive James Marathas aligned with the mayor's vision.
- Marathas said the goal is not 600 rental apartments on the property.
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