Friday, April 22, 2016

Ribbon Cutting

Ribbon Cutting on Saturday, April 23, 2016

Blighted & Abandoned Holyoke Lot becomes Affordable Home Ownership Opportunity




Mayor Alex Morse will lead a Ribbon-cutting event at 230-232 Beech Street, Holyoke at 11:30 on Saturday, April 23, 2016, in conjunction with an open house for of a newly built home.

The property was an abandoned building project that was neglected and overgrown for over a decade. The City took ownership of the property for non-payment of taxes, and in 2015 transferred the lot to Olde Holyoke Development Corporation. A new two family home is nearly complete, made possible with support from the US Department of Housing and Urban Development and the Holyoke Office of Community Development.

Olde Holyoke Development Corporation was founded in 1971, and has constructed over 160 duplex homes on abandoned lots throughout the City. “Affordable home ownership is at the heart of our mission” said Michael Moriarty, Olde Holyoke Development’s Executive Director. “As a community development corporation, we look for opportunities to improve the quality of life for families and neighborhoods. Creating new quality housing in locations that had been abandoned and blighted works on many levels. The neighborhood becomes cleaner and safer. The buyers commit to the neighborhood for at least a 15 year term as owner-occupants, and have a proven asset building opportunity as they manage the second unit and build equity in their home. Each house we build turns a liability into needed revenue for the city tax rolls”
The house has two three bedroom, 1.5 bath units; is energy star rated, and is inspected to meet HUD housing quality standards, It will be open for viewing from 9am to noon this Saturday, April 23, 2016, Mayor Alex Morse will be on hand for a ribbon cutting ceremony at 11:30am. Details about the terms of sale and the qualifications for purchasing the property will be available at the property, on Olde Holyoke Development Corporation’s website, and at their office at 70 Lyman Street

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