Eligibility Form Prospect Place 2022_1_12.docCOMMUNITY PRESERVATION ELIGIBILITY DETERMINATION FORM
The purpose of this form is to make sure that all project applications applying for Community Preservation Act funding are eligible for funding. Please refer to Appendix-E in the Community
Preservation Plan when filling out this form. This form must be approved in order for an application to be accepted.
Project Title: Prospect Place
Project Sponsor/Organization: Prospect Place Owner LLC
Contact Name: Laura Baker, Real Estate Development Director, Valley Community Development (“Valley”)
Property Owner, if applicable: 737 Northampton LLC
Mailing Address: 256 Pleasant Street, Suite A, Northampton, MA 01060
Daytime phone #: 413-586-5855, ext. 100
Fax #: (413) 586-7521
E-mail address: lb@valleycdc.com
CPA Program Area (check those that apply):
� Open Space � Historic Preservation
X Community Housing � Recreation
Project Purpose (check those that apply):
X Acquisition � Creation � Preservation
� Support � Rehabilitation/Restoration
Project Summary: Prospect Place is the planned redevelopment of the former Northampton Nursing Home property located at 737 Bridge Road to create approximately 60 affordable apartments.
As planned, all units will serve households from < 30% AMI through 100% AMI, and all will be CPA eligible Community Housing. The redevelopment (acquisition and gut renovation of the
existing 72,000 sf building) will be completed by Prospect Place Owner LLC, a joint venture between Valley (a non-profit corporation) and 737 Northampton LLC (a private developer).
Within this joint venture, Valley will hold majority ownership and be the managing member (decision maker) for the joint venture.
For CPC Use Eligible: _____ Not Eligible: _____ Date: __________ Reviewer: ____________________