OneHolyoke CDC Affordable Homes Program
Funding status: Active
How much assistance
Income-restricted homes sold below market value (recent units priced at $225,000) (Grant)
Must use one unit as primary residence for a minimum 10-year affordability period.
Eligibility
- Income limits: At or below 80% of Average Median Income for the Greater Springfield Metropolitan Area
- First-time buyer required: Yes — Must not have owned a home within the past 3 years.
- Geographic restrictions: Must purchase a home in the City of Holyoke.
- Homebuyer education required: Yes
How to Apply for OneHolyoke CDC Affordable Homes Program
Step 1: Visit oneholyoke.org for current home availability and lottery applications. Must have mortgage pre-approval and a certificate of completion or proof of enrollment in a first-time homebuyer class.
Notes
OneHolyoke CDC develops and sells income-restricted duplex and single-family homes in Holyoke. Homes are sold through a lottery system. Recent offerings included duplexes at $225,000.