Valley CDC receives $2 million grant for Prospect Place project
Nov. 27, 2023 | Ryan Feyre
Valley CDC received a $2 million grant from the state to help their affordable housing project at Prospect Place.
NORTHAMPTON — Valley CDC, otherwise known as Valley Community Development, recently received a little over $2 million in grant money for the Prospect Place project, which involves the redevelopment of the former nursing home at 737 Bridge Rd. for affordable housing units.
According to an announcement from the Healey-Driscoll administration, the grant money was administered by the Department of Energy under the state’s Affordable Housing Deep Energy Retrofit Program, which was a program created earlier this year.
A total of $27.35 million was awarded to seven organizations across the state for affordable housing projects, including Valley CDC. The grants will generally be used “to fund deep energy retrofits and energy efficiency upgrades, building system electrification, and onsite renewable energy generation in 10 affordable housing developments in communities across Massachusetts,” according to the announcement.
The $2.1 million Valley CDC received will specifically help the installation of a ground source heat pump system and the planned installation of a 300-kilowatt solar system for 60 affordable housing units at Prospect Place.
“We’re thrilled to receive this award from the Department of Energy to install geothermal heating and cooling at Prospect Place, a 60-unit affordable family housing development in Northampton,” said William Womeldorf, a real estate project manager at Valley CDC.
