ABOUT OUR NAME CHANGE:
“It’s ‘Out with the Olde’ at Olde Holyoke Development Corporation,” according to OneHolyoke CDC Executive Director Michael Moriarty. “Our new name reflects the changes we have made to be a Community Development Corporation that represents a 21st century catalyst for change in Holyoke.”
Founded in 1971, the newly-named OneHolyoke CDC has created over 160 new homes in the Flats, Churchill and South Holyoke neighborhoods, rehabilitated hundreds of apartments and provided thousands of home improvement grants to homeowners through the Neighborhood Improvement Program. Olde Holyoke Development Corporation was formed originally as a Model Cities Community Development Corporation serving only the Flats neighborhood and continuing the work of a discontinued federal Great Society program.
In 2014, Olde Holyoke Development Corporation became the only certified Community Development Corporation based in the City of Holyoke. “OneHolyoke is a name that reflects the unifying, flexible and responsive CDC we strive to be,” Moriarty said. “We are doing what it takes to build communities, make improvements and transform lives.”
In recent years the housing development agency has diversified its board of directors, expanded its community service outreach, and launched efforts to collaborate with many city agencies and non-profits that go beyond brick and mortar projects. Moriarty said the new name reflects the company’s evolution.
In 1969 the Flats neighborhood was designated as the neighborhood most in need of assistance, and Holyoke was one of 57 cities approved for the Model Cities Program. Through the Model Cities Program cities were presented with funds to revitalize their communities. Richard Courchesne was hired by Model Cities to help Olde Holyoke Development Corporation come into existence. Richard remained President until his retirement in 2013. Olde Holyoke Development: Richard Courchesne about Olde Holyoke. After taking down and renovating several buildings on Lyman Street and creating off-street parking for the residents, Olde Holyoke Development Corporation then moved on to a historic block of Philadelphia row housing. In September 1975 the Corporate Name Change officially to Olde Holyoke Development Corporation. Over 160 homes have been built or rehabilitated by Olde Holyoke Development Corporation since the early 1970s. Rehabilitation includes the Historic Hadley Mills Townhouses in the Flats and the Library Park Condominiums in Downtown Holyoke. In many sections of the city center we have replaced blighted, empty lots with attractive newly constructed two-family homes. They are sold to qualified low-to-moderate-income buyers – working families who are committed to their neighborhoods and our community, and contribute to the city real estate tax rolls.