Valley Community Development has 110 affordable homes in its pipeline. These include a wide variety of housing types, from single-person studio rentals to first-time homeownership condos. Development sizes range from 20 to 60 units. Locations in Northampton, Amherst, and Hadley are in planning.
EconoLodge, Hadley, MA (50 studio and one-bedroom apartments)
Valley acquired this property at 329 Russell Street, Hadley in January 2023 with financial assistance from the Community Economic Development Assistance Corporation, having already received a $650,000 grant award from the Federal Home Loan Bank of Boston Affordable Housing Program in December 2022.
In January 2025 Valley received a $100,000 commitment from the Hadley Affordable Housing Trust Fund. In February, Valley applied to the State for all remaining funds needed to renovate the building to create permanent supportive housing. If awarded, renovations will begin in April 2026.
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.
