Affordable Housing Highlights
We build social equity by expanding housing and small business opportunities. Since 1988, Valley has developed over 391 affordable rental and first-time homebuyer homes in one of Massachusetts’ most competitive and coveted real estate markets.
We provide housing at a range of sizes (studios to 3-bedrooms) to meet different household needs and at a range of affordability, from extremely low income to moderate income. Methods of development include new construction, renovation, and adaptive re-use. We specialize in meeting the housing needs of our most vulnerable neighbors, including those who are unhoused and disabled, providing not only safe, affordable housing but also appropriate supportive services to ensure residents retain their housing.
Valley has served as developer, co-sponsor, and project manager in recent developments. Valley has 180 new affordable homes in planning that are designed to meet the highest standards of accessibility and energy efficiency, and to eliminate fossil fuels and incorporate alternative energy sources.
East Gables
132 Northampton Road, Amherst, MA
28 studio apartments (10 with homeless preference)
Passive House Certified
Valley’s Role: Developer / Sponsor
Date Completed: 2023
Total Dev Cost: $9.9 M
Financing Sources: Federal & MA LIHTC, HIF, FCF, MA AHTF, CEDAC, Town of Amherst, Amherst Housing Authority, Easthampton Savings Bank, Dorfman Capital, MHIC, Charlesbank Homes Foundation, Kuehn Foundation, Interfaith Housing Corp, energy incentives
Sanderson Place
120 N Main Street, Sunderland, MA
33 apartments for seniors
Valley’s Role: Consulting Project Manager
Date Completed: 2022
Total Dev Cost: $13.5 M
Financing Sources: Federal and MA LIHTC, MA AHTF, HIF, HSF, Federal Home Loan Bank of Boston, Charlesbank Homes Foundation, Town of Sunderland, Greenfield Savings Bank
Sergeant House
82 Bridge Street, Northampton, MA
31 studio apartments
Valley’s Role: Lead Developer / Co-Sponsor
Date Completed: 2020
Total Dev Cost: $8.2 M
Financing Sources: Federal LIHTC, HIF, FCF, MA AHTF, Federal Home Loan Bank of Boston, CEDAC, City of Northampton, Easthampton Savings Bank
The Lumber Yard
256 Pleasant Street, Northampton, MA
55 family apartments
Valley’s Role: Lead Developer / Co-Sponsor
Date Completed: 2019
Total Dev Cost: $19.3 M
Financing Sources: Federal, MA, and energy LIHTC, CATNIP, CBH, HSF, City of Northampton, Smith College, MA AHTF, CEDAC, TD Bank
Parsons Village
71 Parsons Street, Easthampton, MA
38 family apartments
Valley’s Role:Lead Developer / Co-Sponsor
Special Features: Playground for neighborhood use
Date Completed: 2015
Total Dev Cost: $11.1 M
Financing Sources: Federal and MA LIHTC, HSF, NFIT, MA AHTF, City of Easthampton, TD Bank, Easthampton Savings Bank
Valley Main Street
683-687 Main Street, Amherst, MA
11 family apartments
Valley’s Role: Developer / Sponsor
Date Completed: 2008
Total Dev Cost: $2.9 M
Financing Sources: MHP, HSF, HOME, Town of Amherst, TD Bank, Boston Community Capital
