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Boston announces new fund to help homeowners facing foreclosure

Acting Mayor Kim Janey today announced a $5-million fund to help residents who are in danger of being foreclosed out of their homes, using money from federal coronavirus-related payments to the city.

The fund is aimed at "owner-occupants with incomes at or below 150% of area median income - $181,200 for a family of four - who are at least 90 days behind on one or more homeownership-related payments."

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Comments

If someone takes money from this fund to pay their mortgage, do they need to pay back the fund from the proceeds of the house when it's eventually sold?

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