- Division of Banks
- Office of Consumer Affairs and Business Regulation
- Executive Office of Economic Development
Media Contact for Massachusetts Division of Banks Awards Grants to Support Foreclosure Counseling, First-Time Homebuyer Education Programs
Meggie Quackenbush
Boston, MA — Today, the Healey-Driscoll Administration’s Division of Banks awarded nearly $3 million in grants to 23 organizations across the state 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 are experiencing financial hardship and 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 10 regional foreclosure education centers and 13 consumer counseling organizations.
“These grants and the programs they support will empower consumers as they embark on their homeownership journey and help them build long-term, sustainable wealth,” said Layla R. D’Emilia, Undersecretary of the Office of Consumer Affairs and Business Regulation. “We’re proud to play a role in helping to expand economic opportunity for Massachusetts residents through this program.”
“We are pleased to support financial education efforts through the Chapter 206 program,” said Commissioner of Banks Mary L. Gallagher. “First-time home buyers and foreclosure counseling sessions around the state will help Massachusetts residents become better informed about and confident in their personal financial decisions.”
The following organizations are receiving Chapter 206 grant awards for 2023:
Regional Foreclosure Education Centers
- City of Boston Department of Neighborhood Development - $225,000
- Codman Square Neighborhood Development Corporation - $200,000
- Home Preservation Coalition of the Merrimack Valley - $252,417
- Neighborhood of Affordable Housing Inc. - $140,000
- NeighborWorks Housing Solutions - $150,000
- NewVue Communities Inc. - $311,014.28
- South Middlesex Opportunity Council Inc. - $45,874
- Southeast Asian Coalition of Central Massachusetts - $105,000
- Urban Edge Corporation - $225,000
- Way Finders Inc. - $385,476
Consumer Counseling Organizations
- ACT Lawrence Inc. - $110,000
- Allston Brighton Community Development Corporation - $50,000
- Asian Community Development Corporation - $60,000
- Berkshire County Regional Housing Authority - $72,000
- Catholic Charities of the Diocese of Fall River - $44,239
- Chelsea Restoration Corporation - $106,766
- Ecumenical Social Action Committee Inc. - $35,000
- Gloucester Housing Authority - $25,000
- Lawrence Community Works Inc. - $91,544
- Merrimack Valley Housing Partnership Inc. - $151,000
- Quincy Community Action Programs Inc. - $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 $24 million to organizations that have assisted more than 90,000 consumers.
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