- Division of Banks
Media Contact
Michele Campbell, Director of Communications
Today, the Healey-Driscoll Administration’s Division of Banks awarded $2,150,000 in grants to 24 organizations to fund first-time homeownership education programs and foreclosure prevention counseling centers throughout Massachusetts. The Division of Banks awarded the funds through the Chapter 206 Grant Program, which assists homeowners who may be experiencing financial hardship as well as prospective homebuyers who are determining if homeownership is right for them.
The Division of Banks within the Executive Office of Economic Development (EOED)’s Office of Consumer Affairs and Business Regulation administers this grant program with fees associated with the licensing of mortgage loan originators. This year’s grant recipients include nine regional foreclosure education centers and 15 consumer counseling organizations.
“Our administration is committed to making homeownership possible for more Massachusetts residents,” said Governor Maura Healey. “By investing in counseling and education, we’re helping people navigate the process with confidence and stay secure in their homes.”
“Strong communities depend on stable homeownership,” said Lieutenant Governor Kim Driscoll. “By investing in trusted, local organizations, we’re helping residents navigate the homebuying process and access the support they need to remain in their homes.”
“Access to stable, affordable housing is critical to supporting residents and strengthening communities across Massachusetts,” said Secretary of Economic Development Eric Paley. “By helping more residents navigate homeownership and avoid foreclosure, this program supports a stable workforce and a stronger, more competitive economy.”
“The Healey-Driscoll Administration, Consumer Affairs, and the Division of Banks fully support making homeownership a reality for more Massachusetts residents,” said Undersecretary of the Office of Consumer Affairs and Business Regulation Layla R. D’Emilia.“Education is often the first step in purchasing a home or preventing a foreclosure.”
“The Division of Banks is proud to provide ongoing administration and support for the important Chapter 206 program,” said Commissioner of Banks Mary L. Gallagher. “Each year, approximately two-dozen colleagues contribute to reviewing applications and making grant recommendations. We are honored to support these nonprofit organizations who deliver critical resources to Massachusetts residents pursuing homeownership, including essential education that helps prospective homeowners understand the responsibilities of owning and maintaining their homes.”
The following organizations are receiving Chapter 206 grant awards for 2026:
Regional Foreclosure Education Centers
- City of Boston Mayor’s Office of Housing – $127,442
- Codman Square Neighborhood Development Corporation - $109,849
- Neighborhood of Affordable Housing Inc. (N.O.A.H.) - $79,297
- NeighborWorks Housing Solutions of MA - $186,229
- NewVue Communities - $192,516
- South Middlesex Opportunity Council Inc. (SMOC) - $36,948
- Southeast Asian Coalition - $57,704
- Urban Edge Housing Corporation - $134,451
- Way Finders Inc. - $224,365
Consumer Counseling Organizations
- ACT Lawrence Inc. - $145,813
- Allston Brighton Community Development Corporation - $38,456
- Asian Community Development Corporation - $31,406
- Berkshire County Regional Housing Authority d/b/a UpSide413 - $40,059
- Catholic Social Services, Diocese of Fall River Inc. - $51,858
- Chelsea Restoration Corporation - $119,866
- Community Development Partnership Inc. - $30,124
- Ecumenical Social Action Committee Inc. (ESAC) - $22,112
- Franklin County Regional Housing and Redevelopment Authority - $20,296
- Gloucester Housing Authority - $12,685
- Lawrence Community Works Inc. (LCW) - $201,385
- Merrimack Valley Housing Partnership Inc. - $207,236
- Quincy Community Action Programs Inc. (QCAP) - $12,819
- Somerville Community Corporation - $25,637
- Valley Community Development Corporation - $41,447
Since the inception of the grant program in 2008, the Division of Banks has awarded more than $31.5 million to organizations that have assisted more than 117,000 consumers.