Valley Opportunity Council Opens New Property in Holyoke Text Size
Event takes place on June 12, 2013 at 11:00 AM until 12:00 PM
Hampden & Pearl Streets, Holyoke, MA
Mayor Alex B. Morse is happy to announce that the Valley Opportunity Council has finished renovating their newest property in Holyoke. The ribbon cutting ceremony will take place on Wednesday, June 12th at 11:00 a.m. on the corner of Hampden and Pearl Street. The Valley Opportunity Council strives to eliminate poverty by providing the opportunity for low and moderate income residents in the Greater Hampden County area, to achieve greater independence and a higher quality of life. VOC is committed not only through their programs but also through investing in the community. “The recent purchase and rehab of the property on the corner of Hampden and Pearl Streets in Holyoke is one such example,” commented Stephen Huntley, Executive Director of the Valley Opportunity Council.
Purchased in June of 2012 from the Fannie Mae Corporation, the VOC has worked tirelessly to update and improve the building and apartments. By acquiring the building at 60% of the appraised value, the VOC has been able to make a significant investment in this property. Two major improvements include converting the building from oil to gas, which will pay for itself within two years; replacing the electric service entirely, which was deemed unsafe by the Building Inspector, and rewiring all the units.
In addition, the VOC has completely refurbished the vacant apartments. This rehab has includes brand new kitchens, bathrooms, flooring and refinishing of the hardwood floors. The back porch has also been completely replaced with the help of a local architect.
The VOC has identified the need for market-rate housing in the City of Holyoke with no significant governmental subsidies. “Giving the residents of Holyoke an array of options as they advance into self-sufficiency is the goal of the VOC, one we are committed to, one neighborhood at a time.”
For more information please contact Heather Canady, Director of Marketing for VOC, at (413) 552-1554 or firstname.lastname@example.org.
Posted on June 11, 2013 by cityadmin