The college will repurchase houses when a faculty member leaves Amherst, at a rate based on purchase price.
Terms are the same as above.
Junior faculty, visiting faculty, and coaches without senior contract status may rent apartments. Tenured faculty, senior-contract coaches, and certain administrators may rent the houses they currently occupy. Rent will be increased to cover maintenance costs. Home Improvement Mortgage Loans will be available to all faculty until February 1, 2000. Second Mortgages will be offered to tenured and tenure-track faculty.