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30th Anniversary Gala – April 12, 2018

Valley Community Development will be celebrating its 30th Anniversary on April 12th.  The Gala event will feature Charles M. Blow, a New York Times Op-Ed columnist, who writes about social justice, public opinion, and politics.  Mr. Blow is also the author of his 2014 memoir Fire Shut Up In My Bones. 


Annual Meeting – November 30th

Please join us for our annual meeting on November 30th, from 4:30 PM – 6 PM, at the Northampton Senior Center, 67 Conz St., Northampton. Refreshments will be provided.

RSVP to Julia Zegarra at or call 413.586.5855 x170


Community Investment Tax Credit (CITC) Program

Valley Community Development has the opportunity to raise $400,000 during its 30th Anniversary year through CITC where donations of at least $1,000 receive a 50% Massachusetts tax credit; the credit is also a refundable credit.  We currently have approximately $125,000 in available credits through December 31, 2017. Click here for an example.


Non-CITC donations and donations after January 1st through June 30, 2018 are also welcome to support Valley’s 30th Anniversary.


We are seeking sponsors for our 30th Anniversary Gala which will be held April 12, 2018.  Click here for individual and corporate sponsorship information.

$50,000 Down Payment Assistance Available For Amherst!

Valley CDC would like to let our clients, friends, community partners and neighbors know about an exciting new program funded by the Town of Amherst to assist first time homebuyers to buy their first home in Amherst.


  • Schedule an appointment with the Homeownership Coordinator
  • Agree to all terms and conditions of the mortgage subsidy program
  • Have the ability to obtain a mortgage loan and pay closing costs
  • Attend a first time homebuyer workshop


Applications will be accepted until March 31, 2017.


Now is the time to meet with the Homeownership Coordinator to get ready to take advantage of this opportunity.  Qualified buyers will have the opportunity to shop for a home for a 90 day period beginning in April 2017 and enter into a purchase and sales agreement for a home or condo located in Amherst.


If you or anyone you know is thinking about buying a home, please pass along this information.  Thanks for helping us get the word out.


Income and eligibility restrictions apply.  For more information, please contact Donna Cabana, Homeownership Coordinator – 413.586.5855 x 180 or

$4,000 Grant Available

If you are looking to buy a house in Northampton, we have $4,000 Community Development Block Grants available, for use as down payment assistance. Please contact Donna Cabana at 413.586.5855 x180 or email her for an application at

Why Develop A Business Plan?

Planning Your Business #1: Why Develop a Business Plan?

business plan

Why should you develop a business plan?  While you know what you’re planning to do, writing a business plan provides you the opportunity to think and decide about how you’re going to make your business a success.  Developing three years financial projections enables you to determine that your business will generate the income you require or need.  Developing reasonable financial projections requires that you perform substantial market research to determine the level of interest in purchasing your products/services, and how much they will pay for them.




Guide For Homebuyers

This guide gives you advice for getting a safe, affordable mortgage.

If you’re a financial whiz, there may be other ways you can save money. But this guide emphasizes safety and affordability. You might think it’s OK to sign up for a mortgage that will not be affordable over the long term, because you can sell your home or refinance the loan before you run into trouble. But that’s a big risk. If you can’t refinance or sell when the monthly payments go up or your income goes down, you could lose your home to foreclosure. We think the best deal is a mortgage you can afford over the long term, without worrying about whether you can refinance or sell later.

There are a number of steps to getting a mortgage:

1. Decide what you can afford

2. Choosing the right loan terms and loan program

3. Shop for a loan

4. Negotiate for a better deal

5. Get ready to sign.

Continue reading here.

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”