Valley Community Development wants you to experience the joy of affordable homeownership with these new construction 2- and 3-bedroom condominiums. Enjoy the benefits of homeownership in a supportive, welcoming community that offers both comfort and convenience on this sprawling 9-acre property in North Amherst.
The community will consist of 15 duplex condominiums clustered around shared open spaces, and parking. They 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.
You have an opportunity to own at a price that is more affordable than rent. Are you ready for homeownership?
Who is eligible to purchase?
Under the terms of the primary project financing, 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, which equates to an annual gross household income of no more than $87,600 to $109,500 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.
Together with our partners we will help those committed to owning a home, get mortgage ready. We will 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
Affordable Homeownership Development FAQ - North Amherst
Site Location
The Amherst Community Homes site is located within the North Amherst Qualified Census Tract at the intersection of Montague Road (Route 63) and Pulpit Hill Road. The site is located within ½ mile of the North Amherst Center and 1.2 miles from the UMass Amherst campus. The site is adjacent to two PVTA bus stops.
Note: Final sales prices will be set by MassHousing at the time of marketing and will be based on federal HUD household income limits and market conditions, such as standard mortgage interest rates.
Questions?
Contact Twonnisha Winbush, Associate Real Estate Project Manager
Phone: 413-586-5855 Ext. 220
Email: tw@valleycdc.org