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The original item was published from 10/20/2021 2:05:00 PM to 12/1/2021 12:00:03 AM.

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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 phone: 413-586-5855 x 180.

More information and application available here.

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