- Division of Banks
- Office of Consumer Affairs and Business Regulation
Media Contact
Michele Campbell, Director of Communications
Today, the Healey-Driscoll Administration’s Division of Banks awarded $3,577,755 in grants to 24 organizations to fund first-time homeownership education programs and foreclosure prevention counseling centers throughout Massachusetts. The funds were awarded 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 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.
“Buying and maintaining a home in Massachusetts is a goal for so many residents, but far too many people are held back by the complexities of homeownership,” said Governor Maura Healey. “This program helps put homeownership in reach for hundreds of Massachusetts residents and builds on the work we are doing through the Affordable Homes Act to support first-time homebuyers.”
“Our Administration is working to make it easier to own a home on many fronts,” said Lieutenant Governor Kim Driscoll. “Educating more first-time homebuyers and offering foreclosure counseling through our valued community partners will help people in Massachusetts make informed decisions about buying and staying in their homes.”
“We recognize that barriers to homeownership exist for many in Massachusetts,” said Interim Secretary of Economic Development Ashley Stolba. “The Chapter 206 Grant Program helps provide access to those hoping to own a home by offering a pathway toward economic equity and opportunity.”
“The Healey-Driscoll Administration and our agency fully support creating opportunities that help make homeownership a reality for more Massachusetts residents,” said Undersecretary of the Office of Consumer Affairs and Business Regulation Layla R. D’Emilia.
“Our team at the Division of Banks is pleased to provide ongoing administration and support for the important Chapter 206 program,” said Commissioner of Banks Mary L. Gallagher. “We have two-dozen colleagues engage each year to vet applications and make grant recommendations. We are honored to play a role in providing funding for these non-profits—who in turn provide critical resources to Massachusetts residents interested in homeownership by offering essential education to assist prospective homeowners in understanding the responsibilities of owning and staying in their homes.”
The following organizations are receiving Chapter 206 grant awards for 2025:
Regional Foreclosure Education Centers
- City of Boston Mayor’s Office of Housing - $225,000
- Codman Square Neighborhood Development Corporation - $200,000
- Neighborhood of Affordable Housing Inc. (N.O.A.H.) - $140,000
- NeighborWorks Housing Solutions of MA - $175,000
- NewVue Communities - $352,972
- South Middlesex Opportunity Council Inc. (SMOC) - $62,500
- Southeast Asian Coalition - $105,000
- Urban Edge Housing Corporation - $250,000
- Way Finders Inc. - $390,852
Consumer Counseling Organizations
- ACT Lawrence Inc. - $275,000
- Allston Brighton Community Development Corporation - $75,000
- Asian Community Development Corporation - $60,000
- Berkshire County Regional Housing Authority d/b/a UpSide413 - $75,000
- Catholic Social Services, Diocese of Fall River Inc. - $98,861
- Chelsea Restoration Corporation - $229,000
- Community Development Partnership Inc. - $60,000
- Ecumenical Social Action Committee Inc. (ESAC) - $45,000
- Franklin County Regional Housing and Redevelopment Authority - $25,000
- Gloucester Housing Authority - $25,000
- Lawrence Community Works Inc. (LCW) - $353,570
- Merrimack Valley Housing Partnership Inc. - $200,000
- Quincy Community Action Programs Inc. (QCAP) - $25,000
- Somerville Community Corporation - $50,000
- Valley Community Development Corporation - $80,000
Since the inception of the grant program in 2008, the Division of Banks has awarded more than $30 million to organizations that have assisted more than 109,000 consumers.
Media Contact
Division of Banks
