Valley has 120+ affordable homes in its pipeline. Locations in Northampton, Amherst, and Hadley are in planning.
EconoLodge, Hadley, MA (50 studio and one-bedroom apartments)
Valley acquired this property in Hadley in 2023 with funding from the Community Economic Development Assistance Corporation, after receiving a $650,000 grant from the Federal Home Loan Bank of Boston Affordable Housing Program in 2022.
In 2025 Valley received a $100,000 from the Hadley Affordable Housing Trust Fund and was awarded all remaining funds needed to renovate the building from the MA Executive Office of Housing & Livable Communities. Renovations are expected to begin in spring 2026 and take about 12 months to complete.
While awaiting renovations, the first floor of the former Econo Lodge is leased to Craig’s Doors and provides shelter for 38 homeless individuals.
27 Crafts Avenue, Northampton, MA (Estimated 30 studio apartments)
In 2022, Valley responded to a Request for Proposals issued by Northampton to develop a City-owned property at 27 Crafts Avenue into affordable housing. Valley was selected and will work with Jones Whitsett Architects and the City to develop the site.
We will build 30 new studio apartments with 20 of the apartments for those individuals making at or below 30% AMI with a preference for homeless individuals. We intend to have property management, resident services, and maintenance staff on-site.
Project site plans, exterior elevations, and additional supporting documents are available to the public on the City of Northampton website.
