2015 Annual Report
Valley Community Development Corporation
30 Market Street
Northampton, MA 01060
(413) 586-5855
www.valleycdc.com
2015 CPA Activity Related to the $300,000 Award
Board of Directors
Rachana Crowley
Valley CDC was awarded $300,000 in CPA funding in February 2015 to support the
President
redevelopment of the former Northampton Lumber Yard into 55 units of affordable rental
Amy Fyden
housing. The site will also include approximately 5100 square feet of commercial space.
Vice-President
Richard Abbott
Valley CDC has spent no funds to date and will not spend any funds until the project is
Treasurer
fully funded.
Pat Byrnes
Clerk
After unanimous site plan and CBAC approval in January 2015, several abutters filed
Richard Bauman
appeals of those decisions. The CBAC appeal was heard in April and the decision was
William Fontes
upheld in Valley CDC’s favor. The site plan approval appeals were settled between all
parties in late October.
Edward Harvey
Peter Jessop
Valley CDC submitted a pre-application to the Department of Housing & Community
Theresa LaValley
Development (DHCD) in late December and was notified on January 19, 2016 that it can
th
submit a full funding application which is due March 11. Announcements from this
Sindy Mojica
round are expected August/September 2016. If Valley CDC is funded, it would then take
Carol Walker
6-9 months to close on all the financing after full construction drawings are completed as
well as the bid process for a general contractor. Valley would expect construction to start
Joanne Campbell
Executive Director
in the spring of 2017 with a 12 month construction period. Tenants would begin moving
into their new homes in the spring of 2018.
Respectfully submitted,
Joanne Campbell
Executive Director
Building community through housing and business development