Nonprofits across Bay State Get $946K to Help Homeowners
June 9, 2017 Eighteen nonprofits across Massachusetts recently were awarded state grants totaling $946,144 to fund first-time homeownership counseling programs and foreclosure prevention education centers.
We are committed to making communities across Massachusetts stronger, and these educational opportunities are an important tool for helping families stay in their homes and supporting those looking to buy their first, said Gov. Charlie Baker. While the decline in foreclosures over the last few years is promising, these organizations have an important role to play in supporting Massachusetts families across the Commonwealth.
Receiving Chapter 206 grant awards were the following:
- ACT Lawrence, Inc., Lawrence: $53,996
- Allston Brighton Community Development Corporation, Allston and Brighton: $13,634
- Catholic Social Services of Fall River, Fall River and New Bedford: $89,259
- Dorchester Bay Economic Development Corporation, Dorchester, Mattapan, Southwest Boston: $64,424
- Ecumenical Social Action Committee, Boston and Eastern Massachusetts: $13,234
- Home Preservation Coalition of the Merrimack Valley, Merrimack Valley: $86,521
- Homeowner Options for Massachusetts Elders, Statewide: $67,907
- Housing Alliance Project, Inc. (HAP Housing), Springfield, Berkshire and Hampden Counties: $101,117
- Housing Assistance Corporation, Cape Cod: $28,474
- Lawrence Community Works, Lawrence: $31,431
- Merrimack Valley Housing Partnership, Inc., Lowell: $15,404
- Neighborhood of Affordable Housing, Boston and North Shore: $66,815
- NeighborWorks Southern Mass., Brockton, New Bedford, and Southeast Massachusetts: $94,686
- Oak Hill Community Development Corporation/NeighborWorks Home Ownership Center of Central Massachusetts, Worcester: $98,610
- Quincy Community Action Programs, Greater Quincy, Weymouth, Braintree, Milton, Randolph: $15,343
- South Middlesex Opportunity Council, Framingham: $33,217
- Urban Edge Housing Corporation, Boston: $55,405
- Valley Community Development Corporation, Northampton: $16,659
Chapter 206 grants assist homeowners who are often experiencing some type of financial hardship caused by either a loss of or reduction in income or a medical issue as well as prospective homebuyers who are determining if homeownership is right for them. The Division of Banks administers funding of these grants with fees associated with the licensing of mortgage loan originators.
According to the governor's office, approximately 80% of consumers receiving Chapter 206-related foreclosure counseling successfully remain in their homes.