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VCDC Lumberyard Eligibility Form Redevelopment of the former Northampton Lumber Yard Valley Community Development Corporation (Valley CDC) Joanne Campbell 30 Market Street (413) 586-7521 (413) 586-5855 x 19 jc@valleycdc.com X X Valley CDC proposes to redevelop the former Northampton Lumber Yard property at 256 Pleasant Street into approximately 50 units of affordable rental housing and approximately 3,500 square feet of commercial space on the first floor. The units will be affordable to households earning between 30 to 60 percent of the Area Median Income (AMI). The units will be a mix of 1, 2, and 3-bedroom apartments. The goal of this project is to not only add 50 income-restricted units to the City's inventory of affordable housing but also to revitalize the Pleasant Street corridor to create a more vibrant downtown. The property has an ideal location along a bus route that is also in close proximity to an entrance to the bike path and the new Amtrak train platform. CPA funding would go towards the hard and soft costs during construction after the project has been fully funded.