CDC Projects Catalyze Revitalization of Northampton Corridor
The City of Northampton has spent the last four years developing a plan to revitalize the Pleasant Street Corridor, a stretch that has been identified as an important gateway to downtown Northampton. Two CDC affordable housing developments have played a key role in the rejuvenation of the corridor.
Way Finders’ Live 155 Apartments, currently under construction, will provide 70 mixed-income studio and one-bedroom apartments when it is completed in the spring of 2018. Just across Pleasant Street is Valley CDC’s Lumber Yard Apartments, which will break ground next month on 55 affordable units. Both projects will include commercial space.
These projects complement the City’s efforts to transform Pleasant Street from a state highway into a city street that serves the needs of residents and local business. Infrastructure improvements include new raised crosswalks, curb extensions, improved bicycle and pedestrian paths, the addition of on-street parking, landscaping, and a new rotary that provides some separation between the highway and the main city street.
Both projects were assisted by The Community Economic Development Assistance Corporation (CEDAC), a public-private community development finance institution that provides financial resources and technical expertise for community-based and other non-profit organizations engaged in effective community development in Massachusetts.
In its weekly blog, Insites, CEDAC highlights the catalytic role that these two projects are having in Northampton.