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.