Northampton City Briefing: Valley CDC lands big grant to help homeowners

Valley Community Development Corporation (Valley CDC) has received $200,000 from the TD Charitable Foundation, the giving arm of TD Bank, as part of the foundation’s “Housing for Everyone” grant.

Valley CDC is one of 36 organizations selected out of 270 applicants for the grant, the funds of which will be used to provide assistance to homeowners in need of maintenance and repairs in order to keep their homeowner’s insurance.

“Due to the current economic environment, families and seniors are finding it increasingly difficult to cover monthly expenses, leaving little to no savings for home maintenance,” said Valley CDC Program Director Sarah Sargent in a statement. “We are thrilled to be able to offer this grant program to cover these costs for homeowners.”

Organizations were selected for their programs focused on post-purchase homeownership support, such as foreclosure counseling, financial assistance funds, legal assistance, property tax relief programs and energy efficiency improvements. A total of $7.2 million was distributed by the TD Charitable Foundation.

Valley CDC serves Hampden, Hampshire and Franklin counties for homeownership and small business services and primarily Amherst, Hadley, Northampton, and Easthampton for affordable housing development.