Building safe, comfortable, and affordable housing is a fundamental component of Valley CDC’s overall mission. Since its inception, Valley CDC has produced over 180 units of 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, Easthampton, and Hadley in Hampshire County.
Housing development remains a core service of our agency. Below is a list of all the properties that Valley CDC has developed.
The Hampshire Inn | 82 Bridge Street, Northampton
15 SRO units with a common kitchen and 4 common bathrooms. Eight of the units receive rental subsidy through the Section 8 Mod Rehab Program. Valley CDC acquired the property in 1990 and completed major rehabilitation work on the building. Home City Housing currently manages the property.
The Maples | 16 North Maple Street, Florence
Valley CDC purchased and renovated this 11-room SRO with one commercial space. Rehabilitation was completed 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. The property is currently managed by Home City Housing.
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 News 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; 6 one-bedroom units; and 6 efficiencies. 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, who also manages the property.
Main 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 home ownership 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 Condominium | 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. The property is currently managed by Home City Housing.
Go West | 1-3 North Main Street, Florence
Completed in November 2005. Valley CDC substantially renovated an existing SRO, which now contains 17 enhanced SRO’s 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 and seven units are set aside for homeless individuals. There remaining six units are rented to tenants who are at or below 80% of the area median income. The property is currently managed by Home City Housing.
School Street | 46-48 School Street, Northampton
8-unit affordably family rental apartments that were completed in November 2008. This property is currently managed by Home City Housing.
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 consist 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.
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. The property is currently managed by Home City Housing.
In the Pipeline
Redevelopment of the Former Northampton Lumber Yard
Valley CDC is under contract to purchase the 1.25-acre site that housed 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.