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Boston announces new fund to help homeowners facing foreclosure
By adamg on Thu, 10/28/2021 - 2:10pm
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
Payback
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?