Affordable Housing Development

Building safe, comfortable, and affordable housing is a fundamental component of Valley CDC’s overall mission. Since its inception, Valley CDC has produced over 224 affordable rental and ownership housing in one of Massachusetts’ most competitive and coveted real estate markets. These homes provide economic stability and an opportunity for economic advancement to low and moderate incomes residents wanting to live and contribute to the communities of Northampton, Amherst, and Easthampton in Hampshire County.

Hampshire-InnHousing development remains a core service of our agency. Below is a list of all the properties that Valley CDC has developed. All units are managed by Housing Management Resources except as noted below.

The Hampshire Inn | 82 Bridge Street, Northampton
15 single room occupancy units with a common kitchen and 4 common bathrooms. Eight (8) of the units receive rental subsidy through the Section 8 Mod Rehab Program. Valley CDC acquired the property in 1990 and completed moderate rehabilitation work on the building in 2000. Current plans include a gut rehab and expansion to 31 enhanced SROs (includes bathroom & kitchenette).

The Maples | 16 North Maple Street, Florence
Valley CDC purchased and renovated this 11-room single room occupancy with one commercial space in early 1993 and in 2010, Valley CDC completed a moderate rehabilitation of the building, which included code and energy upgrades. The units are reserved for formerly homeless individuals.

Outer Commons | Charles Lane, Amherst
Valley CDC developed 8 homeownership units after purchasing the land in 1994. Homes were sold to low-income households in early 1996.

New South Street Apartments | 22-34 New South Street, Northampton
This 18-unit historic renovation provides affordable rental housing to low-income households in Northampton. The 18 units consist of 6 three-bedroom units and 12 one-bedroom units. The building was completed in 1997. Valley CDC was the developer and owner of the property until it was sold in 2013 to Home City Housing.

Amherst Main StMain Street, Amherst | 683-687 Main Street, Amherst
Completed October 2008. Consists of 11 units of affordable family rental housing. The property is currently managed by the Amherst Housing Authority.

136 Parsons Street, Easthampton
65-67 N. Main Street, Florence
5 Walnut Street, Northampton
Valley CDC developed these 3 homeownership initiatives between 1997 -2000. The properties were acquired, rehabbed and sold to low-income first time homebuyers. Additionally, 65-67 N. Main Street and 5 Walnut Street each included an income-restricted three-bedroom rental apartment.

Millbank 2Millbank Apartments | 18-34-79 Michelman Avenue, Northampton
Valley CDC purchased 10 two-bedroom units in a distressed condominium project in December 1992 along with the development rights to build an additional 12-24 units. A 10 unit building (34 Michelman) was completed in the summer of 2004 along with the moderate rehabilitation of 18 Michelman and minor rehab to 79 Michelman. Valley owns 24 family apartments.

Go West | 1-3 North Main Street, Florence
Completed in November 2005. Valley CDC substantially renovated an existing SRO, which now contains 17 enhanced single room occupancies and two retail spaces on the first floor, including Cup and Top Cafe. Four rental subsidies are set aside for clients of the Department of Mental Health (DMH) and seven units are set aside for homeless individuals. The remaining six (6) units are rented to tenants who are at or below 60% of the area median income.

School St 2School Street | 46-48 School Street, Northampton
8-unit affordable family rental apartments that were completed in November 2008.

 

King Street, Northampton | 96-98 King Street, Northampton
Completed July 2011. Located in downtown Northampton, this development is a 10-unit Enhanced Single Room Occupancy (ESRO) building. This project provides housing for five (5) homeless individuals and five (5) very low income individuals. Valley CDC incorporated many green design components.

 

 

Parsons Village | 71 Parsons Street, Easthampton
38 affordable family rental apartments completed in August 2015. These townhouse-style apartments are equipped with highly energy efficient features. The development consists of studio, one-bedroom, two-bedroom, and three-bedroom apartments that are located around a common green with a community building with laundry facilities and a playground. The property is currently managed by HAPHousing.

 

In the Pipeline

Lumber-Yard-renderingRedevelopment of the Former Northampton Lumber Yard
Valley CDC intends to redevelop the property into a four-story, 55-unit affordable family rental apartment building with two commercial spaces. Proposed occupancy date is January 2019. Valley CDC will move its offices to the Holyoke St. location, which is shown.

Get Involved

Valley CDC provides a variety of community economic development programs and services to low and moderate income residents of Northampton, Easthampton, Amherst and Hadley. To volunteer, join a committee or learn about becoming a Board member, please send us an email. Read More about “Get Involved”