Press Release

Press Release Baker-Polito Administration Awards $1.5 Million in Foreclosure Counseling & First-time Homebuyer Education Grants

For immediate release:
4/22/2019
  • Office of Consumer Affairs and Business Regulation
  • Division of Banks

Media Contact for Baker-Polito Administration Awards $1.5 Million in Foreclosure Counseling & First-time Homebuyer Education Grants

Jacqueline Horigan, Public Outreach

BostonToday, the Baker-Polito Administration’s Division of Banks (Division) awarded $1.5 million in grants to fund first-time homeownership education programs and foreclosure prevention counseling centers throughout the Commonwealth. A total of 20 awards were made to 10 foreclosure prevention regional centers and 10 consumer counseling organizations. 

Chapter 206 grants assist homeowners who are experiencing some type of financial hardship, often 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 administers funding of these grants with fees associated with the licensing of mortgage loan originators.

“Consumers should be aware of the rights afforded to them when buying a first home or when facing the risk of losing their home,” said Edward A. Palleschi, Undersecretary of Consumer Affairs and Business Regulation. “These grants help ensure consumers have access to resources that can offer guidance and assistance during critical stages in their lives.”

“We are proud to fund organizations offering foreclosure counseling and homeownership education for the eleventh consecutive year,” said Acting Commissioner of Banks Merrily S. Gerrish. “Whether it is a couple purchasing their first home or a family successfully avoiding foreclosure, these grants and the work of funded non-profit organizations make a difference in communities across the Commonwealth.”

Since the inception of the grant program in 2008, the Division has awarded more than $13 million to organizations that have been able to assist over 48,000 consumers thanks to these grants. The following organizations are receiving Chapter 206 grant awards for 2019:

 

Regional Foreclosure Education Centers

Geographic Area Served

2019 Award

City of Boston Department of Neighborhood Development

Boston and vicinity

$191,357.79

Fairmount Indigo Line Community Development Corporation / Codman Square Neighborhood Development Corporation

Boston, Everett, Revere, Brockton, Malden, and Randolph

$78,262.17

Homeowner Options for Massachusetts Elders (H.O.M.E.)

Statewide

$100,710.77

Home Preservation Coalition of the Merrimack Valley

Merrimack Valley

$110,706.12

Neighborhood of Affordable Housing, Inc. (N.O.A.H.)

Boston and North Shore

$88,666.97

NeighborWorks Southern Massachusetts

Brockton, New Bedford, and Southeast Massachusetts

$115,900.39

NeighborWorks Home Ownership Center of Central Massachusetts/Oak Hill Community Development Corporation

Worcester

$187,286.35

South Middlesex Opportunity Council, Inc. (SMOC)

Framingham

$42,838.81

Urban Edge Housing Corporation

Roxbury, Hyde Park, Roslindale, Mattapan

$66,984.28

Way Finders, Inc.

Springfield, Berkshire, and Hampden Counties

$187,286.35

 

 

 

Consumer Counseling Organizations

Geographic Area Served

2019 Award

ACT Lawrence, Inc.

Lawrence

$60,477.20

Allston Brighton Community Development Corporation

Allston and Brighton

$15,560.59

Catholic Social Services of Fall River, Inc.

Bristol County, Cape Cod, Provincetown, Nantucket, and Martha’s Vineyard

$87,074.26

Chelsea Restoration Corporation

Chelsea, Revere, Saugus and the surrounding communities

$32,981.67

Ecumenical Social Action Committee, Inc. (ESAC)

Boston and Eastern Massachusetts

$17,896.56

Gloucester Housing Authority

Cape Ann

$16,446.01

Lawrence Community Works, Inc. (LCW)

Lawrence

$42,652.63

Merrimack Valley Housing Partnership, Inc.

Lowell

$18,084.95

Quincy Community Action Programs, Inc. (QCAP)

Greater Quincy, Weymouth, Braintree, Milton, Randolph

$17,237.22

Valley Community Development Corporation

Northampton

$21,588.91

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Media Contact for Baker-Polito Administration Awards $1.5 Million in Foreclosure Counseling & First-time Homebuyer Education Grants

Office of Consumer Affairs and Business Regulation 

The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.

Division of Banks 

The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
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