Valley CDC's Prospect Place was one of our two Year 2 awardees for the Climate Ready Housing Program, which is the $16M/year deep energy retrofit gap funding program for affordable housing that LISC administers on behalf of the Executive Office of Housing and Livable Communities (EOHLC).
Prospect Place is the adaptive reuse of the former Northampton Nursing Home, a 72,000 square foot building constructed in 1971 and located on a 6.25-acre parcel, to create 60 affordable family apartments with sizes ranging from studios to 3-bedrooms for households whose incomes range from extremely low to moderate income. It includes preferences for people who are currently unhoused and people with disabilities.
Valley CDC purchased the building in 2022 with ambitious plans to decarbonize the property. The cornerstone of this effort is installation of a geothermal heat pump system that will fuel heat, cooling, and hot water. The geothermal system, combined with a large solar photovoltaic array and extensive building envelope improvements, will eliminate the use of fossil fuels at this property. These improvements are expected to reduce energy use by 77%.
We celebrate Valley CDC team for their climate leadership!