BHA's First Home Program: Launching in November of 2022, this program unlocks homeownership opportunities in Boston for Section 8 and public housing residents by providing financial assistance, including down payment, closing costs, and other fees.

Led by the City's Office of Housing Stability in partnership with Boston Public Schools and local legal aid organizations, the program provides free legal representation to eligible families to help them stay in their homes and connected to their communities. 6.

The City is making 150 parcels of land available to developers to build income-restricted homeownership opportunities. The City will also offer grants to eligible first-time homebuyers that provide reduced mortgage interest rates and up to $50000 in direct assistance, including down payment and closing cost assistance.

○ There is increased funding in this budget for the ONE+ Boston mortgage program. Where does the administration of that program sit? o We will respond ...

housing for Boston residents manages and disposes ... ONE+ Boston Homebuyer Program and the. Financial ... Housing Authority and Boston Public Schools.

Through this program, the City provides eligible BHA families with enhanced down payment assistance of $75000 towards the purchase of a home located in Boston and is available to all BHA residents who purchase a home in the city.

Utilizing these bond proceeds the investment corporations leveraged these funds to create an additional $40 million dollars, showing how city bonding can support specific community projects; and Page 2 WHEREAS, The City of Boston should explore affordable housing bonds and mortgage revenue bonds as a means of ...

In addition, MOH expanded its current homebuyer financial assistance programs, including the One+ Boston Mortgage program and down payment assistance for first-time homebuyers. As of June 30, 2024 these funds have been used to award 164 grants to Boston residents, of which 74% were BIPOC households.

The loan has no monthly payment and does not become due for repayment until the owner sells or transfers ownership of the property, or undertakes a cash-out refinance of the home. (Condominiums are not eligible for this program.)

• There is increased funding in this budget for the ONE+ Boston mortgage program. Where does the administration of that program sit? Councilor Julia Mejia ...