Currently under construction, Amherst Community Homes will be 15 duplex condominiums clustered around shared open spaces and parking arrangements to minimize vehicular traffic and emphasize community connections. Over half the property will remain undeveloped community space. Located at the intersection of Montague Road and Pulpit Hill Road in North Amherst, the site is located within ½ mile of the North Amherst Center and 1.2 miles from the UMass-Amherst campus. Directly adjacent to the parcel is a PVTA Route #33 bus stop.
All the homes will be restricted for sale to income eligible, First-Time Homebuyers that meet the CommonWealth Builders (CWB) program purchaser requirements. Duplexes will be a combination of 1-story, 1.5-story, and 2-story homes and range in size from 995 to 1,237 square feet. Twenty homes will have two bedrooms, with the remaining ten homes having three bedrooms. All homes are designed to be “visitable” for those with mobility impairments. Six of the 2-bedroom homes are single-story and designed to meet accessibility standards. Five of these homes will have “adaptable” kitchens, and one home will be built with a fully accessible kitchen. Homes are highly-energy efficient with all-electric utilities and wired for PV Solar.
Who is eligible to purchase?
Under the terms of the primary public funders, eligible buyers must:
- Be income-eligible, first-time homebuyers: Homes will be sold to households with incomes at 80% to 100% of the Area Median Income. As an example, this equates to an annual gross household income of no more than $95,650 to $119,000 for a family of four (4), as an example.
- Must NOT have owned a home in the past 3 years
- Must NOT have assets more than $100,000
- Must qualify for a mortgage loan
- Provide a minimum of 3% down payment or qualify for an approved Down Payment Assistance Program
- Be able to pay all closing costs
- Must complete a CHAPA-Approved First Time Homebuyers course by the time of purchase.
(Accepted Applicants MUST OWNER OCCUPY the home. This is NOT an investor opportunity)
Not sure if you qualify? INQUIRE HERE and a member of our marketing team will contact you.
Together with our partners we will help those committed to owning a home get mortgage ready. We offer:
- Strategies and Resources to Help You With
- Budgeting and Saving
- Credit Building and Credit Restoration
- Debt Reduction and/or Elimination
- Connection to Down Payment Assistance Programs
- Wealth Building Programming
- Group and 1 on 1 coaching
Questions?
Contact Jessica Allan, Real Estate Development Director
Phone: 413-586-5855 Ext. 210
Email: ja@valleycdc.org
Or, email homes@valleycdc.org with questions about the marketing process or purchasing one of these homes.