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To help young Boston residents overcome the challenges of
Boston's hot housing market, ONEin3 Boston provides a centralized
listing of resources both for prospective home buyers and
renters.
Tools for Renting
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1st Home Program, offered by the City of Boston, provides a great opportunity for first-time homebuyers to purchase a new or rehabilitated home in Boston at an affordable price.
Homebuying
101 Program is a FREE ten-hour course for first-time homebuyers offered by the City of Boston.
Homebuying 101 graduates have these
advantages:
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Homebuying 101 is a required
course for the BostonHOME Certificate Initiative providing
down payment and closing cost assistance to eligible buyers |
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Homebuying 101 is a required
course for the Soft Second Mortgage program, providing
qualified buyers access to a special line of loan products
through participating lenders |
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Qualified buyers
can also access MHFA and other Fannie Mae specialty loan
programs upon completion of the course. |
Click
here to see a schedule of classes.
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Homebuying
102 Program is the City of Boston's
FREE 2-hour class specifically focused toward purchasing a condominium.
It is intended for those who have completed the regular Homebuying
101 class.
Classes are held approximately every
6-8 weeks. Call the Boston Home Center at 617-635-4663 for the
latest schedule.
The Boston Soft Second Mortgage
Program offers low and moderate
income buyers a discounted mortgage rate with no points, reduced
closing costs and no mortgage insurance fees.
The
Boston HomeWorks Program offers
eligible homeowners financial and technical assistance for their
home improvement repair projects. Owner-occupants of 1-4 family
homes, including condominium units, who meet program guidelines,
may be eligible to participate in one of the following Boston
HomeWorks two grants programs:
HomeWorks
program - offers assistance for interior and exterior
repairs.
Boston's Historic HomeWorks program
- provides assistance for historically appropriate exterior
improvement for homes that are at least 50 years old.
HomeWorks Emergency Loan program
- provides conditional emergency loan to help finance home repair.
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The Boston Redevelopment
Authority requires real estate developers to create affordable
homeownership and rental opportunities in the city of Boston.
Visit this site to find out about specific current opportunities
and related income guidelines.
You can even register for regular email notification of affordable housing opportunities.
The
Artist Housing Initiative is a program
of the Boston Redevelopment Authority, designed to help Boston's
artists find the live/work space they need. Information is available
on eligibility guidelines, as well as specific units currently
available - generally at below-market prices.
Mass Housing
At the state level, Mass Housing offers additional programs and resources
for would-be home buyers, including:
Transit
Oriented Home Mortgage Loans
Use The
Boston Atlas to see aerial photos
of real estate you are considering, as well as to look up
current City of Boston assessment figures for that property.
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The Rental Housing Resource Center provides rental specific resources designed
to help Boston's renters through whatever difficulty they might encounter. Check out the
Good Neighbor's Handbook for general information about renting in Boston, including your rights as a tenant,
standard practice for security deposits and first and last month's rent, and much more.
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Two great apartment search tools are
Craigslist,
which has a section of no-fee apartments, and Boston.com
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