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The original item was published from 10/20/2021 1:45:10 PM to 10/20/2021 2:05:08 PM.

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amherstma.gov - News & Announcements

Posted on: October 20, 2021

[ARCHIVED] Amherst Community Land Trust Provides Affordable Home Ownership Opportunity

Affordable Amherst housing news

The Amherst Community Land Trust will provide one $125,000 subsidy to an income-qualified household to purchase a single-family home in Amherst.

The land trust will own the land under the home and a long-term ground lease will give the homebuyer an exclusive right to use the land. A permanent affordable housing restriction will limit the future resale price of the home.

Ground Lease Guide | Ground Lease

Income limits are 80% of the area median income:

  • 2-person household – $53,850
  • 3-person household – $60,600
  • 4-person household – $67,300
  • 5-person household – $72,700

DEADLINE EXTENDED Complete applications will be accepted until November 30, 2021. 

Please deliver or mail your application to:

Valley Community Development

256 Pleasant Street, Suite A

Northampton, MA 01060

Information session will be held on Zoom on November 1, 2021.  Lottery will be held on December 15, 2021.

To learn more please contact Donna Cabana by email or phone: 413-586-5855 x 180.

More information and application available here.

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