We build social equity by expanding housing and small business opportunities.

Homeownership

Homeownership

Whether you are trying to determine if homeownership is a realistic goal for you or you need help planning for homeownership, we offer workshops and individual counseling that will help you navigate the complicated homebuying process.

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Small Business Assistance

Small Business Assistance

Our Small Business Development program provides comprehensive pro-active support for entrepreneurs planning to launch their own businesses and for owners of existing small businesses.

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Affordable Housing Development

Affordable Housing Development

Since its inception, Valley Community Development has produced over 391 affordable rental and ownership housing units in one of Massachusetts’ most competitive and coveted real estate markets.

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Our Mission:

Mission and Values

Valley Community Development builds social equity by expanding housing and small business opportunities. Since 1988, we have achieved the following accomplishments:

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Homeowners Assisted

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Small Businesses Helped

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Affordable Homes Developed

State funds boost affordable housing projects in region

State funds boost affordable housing projects in region

By James Pentland
Published: 01-22-2024 7:01 PM

NORTHAMPTON — Affordable housing projects in 19 communities, including Northampton, South Hadley and Holyoke, will benefit from subsidies and tax credits announced Monday by Gov. Maura Healey.

Area projects approved for funding are Prospect Place, a former nursing home on Bridge Road in Northampton, Plaza Apartments in South Hadley, and Library Commons 2.

The money comes from subsidies and the Low-Income Housing Tax Credit program, which saw a $20 million increase in the tax package Healey signed in October.

Northampton

Prospect Place, a $30 million project to redevelop a vacant and blighted former nursing home to create 60 affordable apartments for families, including homeless families, is being overseen by Northampton’s Valley Community Development.

“We are thrilled that, with the commonwealth’s support, this property will add desperately needed affordable apartments and all-electric systems powered by geothermal and photovoltaics.” Alexis Breiteneicher, Valley CDC’s executive director, said in a statement.

“Geothermal has untapped potential for housing of all forms and we hope our project can catalyze new ways to look at climate readiness,” project manager Bill Womeldorf said.

The 6.2-acre former Northampton Rehabilitation and Nursing Center at 737 Bridge Road was purchased in April 2021 for $1.9 million by the Pointer Fund and Pointer Development, based in Miami and run by Amalfi Gayosso, a UMass Amherst alumna with ties to Northampton. The development group then partnered with Valley CDC to form a joint venture called Prospect Place Owner LLC.

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Small Business Client Spotlight: Pioneer Valley College Counseling

Small Business Client Spotlight: Pioneer Valley College Counseling

Pioneer Valley College Counseling coaches students and their families through the college application process. Melanie Mac Caskie, M. Ed., draws on more than a decade of experience to guide students through every step.

“College application coaching isn’t just for students who want to go to Ivy League schools,” says Melanie. “It’s for any family who wants help guiding their student to a college that’s the best academic, social, and financial fit.” She supports students with a variety of interests and backgrounds, including neurodivergent, LGBTQ+, and homeschooled students.

pvcollegecounseling.com

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State gives Valley CDC green light to convert old Econo Lodge in Hadley into affordable apartments

State gives Valley CDC green light to convert old Econo Lodge in Hadley into affordable apartments

Staff Writer
Published: 12/4/2023 11:14:23 AM
Modified: 12/4/2023 11:13:15 AM

HADLEY — A state panel is overturning a town Zoning Board of Appeals decision that rejected plans to convert a former Route 9 hotel into an affordable housing development, meaning the $13 million rehabilitation of the property can proceed.

The Housing Appeals Committee, in a Nov. 22 ruling, called the decision by the Zoning Board on March 20 “unreasonable and inconsistent with local needs” and that Valley Community Development, the nonprofit agency which owns the former Econo Lodge at 329 Russell St., should be issued a comprehensive permit for its plans to turn the hotel into 51 apartments for up to 63 low- and moderate-income individuals.

“We are thrilled about the decision from HAC given the incredible need for more affordable housing in our community,” Valley CDC Executive Director Alexis Breiteneicher wrote in an email.

Breiteneicher said having the zoning permit allows Valley CDC to apply for the necessary funding, though creating the permanent housing, situated near the Mountain Farms Mall and many stores and restaurants, is still a ways off, with construction possibly a year or two from beginning.

“We are so appreciative of the many boards and residents of Hadley who supported this development, and us, through the process,” Breiteneicher said, referring to support from both the Select Board and Planning Board.

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