Project Information
Habitat for Humanity affordable housing project
Amherst
6139
8
Pioneer Valley Habitat is requesting Community Preservation Act Funds to purchase construction materials needed to build the third home at the Stanley Street Amherst site. Community Preservation Act Funds are a very important element in the funding for Habitat homes. The cost of construction for the first home at this site was $125,000. Habitat raises the funds to build the homes as they are building. They sell the homes to the family for the cost of construction and provide a 20-30 year 0% mortgage. All mortgage payments are used by Habitat to help build more homes. An allocation to Habitat is not a onetime donation – it is a long-term investment that is continuously reinvested in meeting the housing needs of very low income families
Project complete
05-11-2009
Project Category
  Yes      
Project Details
Housing Units
1
0
1
Acres
0
0
0
0
 
0
0
CPA Funding
$0
$30,000
$0
$0
$0
$30,000
$0
0
 
$0
Other Funding Sources Leveraged
$0
$0
$0
$0
$0
Total Project Cost
$30,000
$0
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