Amherst will add 30 condos reserved for moderate-income, first-time homebuyers thanks to funding secured in partnership with MassHousing and Greenfield Cooperative Bank.

Amherst Community Homes, developed by Valley Community Development, will consist of 15 duplexes built on a parcel previously zoned for commercial and industrial use.

Ten of the new homes will be restricted to homebuyers earning up to 80% of the area median income, and the remaining 20 for those earning up to 100% AMI.

Prices will range from $162,900 to $267,000.

“This project will turn an underutilized area in the town into 30 brand new homes for first-time homebuyers,” MassHousing CEO Chrystal Kornegay said in a press release. “The people who purchase these homes will be able to set down roots in Amherst and begin building wealth, along with all the other benefits of homeownership.”