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Letter of Support Valley CPC fundingOctober 29, 2024 Brian Adams, Chair Community Preservation Committee 210 Main St Northampton, MA 01060 RE:Request for Funding for Valley Community Development Mortgage Subsidy Dear Brian, At its meeting on October 7, 2024, the Housing Partnership voted unanimously to submit a letter to the Community Preservation Committee to voice its resounding support for Valley’s request for funding to support mortgage subsidies for first time home buyers. The Partnership is supportive of utilizing all the options to provide opportunities for residents to find stable, long-term housing and the mortgage subsidy program provides one of those means. Although it does not create permanent housing stock, it supports the effort to allow more residents to enter the complex housing market. The Partnership was encouraged to hear the success of the previous funding that supported new home ownership for residents and strongly supports this latest application by Valley and looks forward to a favorable vote by the CPC to ensure this important program can continue. Respectfully submitted on behalf of the Housing Partnership: Gwen Nabad, Chair, Bev Bates, Vice Chair, Richard Abuzza, Gordon Shaw, Melissa Fowler, Hannah Shaffer, Ace Tayloe, SpencerGhazey-Bates. Carolyn Misch, AICP