5/28/2021: Office of Consumer Affairs and Business Regulation Division of Banks
BOSTON — Today, the Baker-Polito Administration’s Division of Banks (Division) awarded over $2.5 million in grants to fund first-time homeownership education programs and foreclosure prevention counseling centers throughout the Commonwealth. The funds awarded through the Chapter 206 grant program went to a total of 21 organizations including 10 foreclosure prevention regional centers and 11 consumer counseling organizations.
Chapter 206 grants assist homeowners who are often experiencing some type of financial hardship caused by either a loss of or reduction in income or a medical issue as well as prospective homebuyers who are determining if homeownership is right for them. The Division administers funding of these grants with fees associated with the licensing of mortgage loan originators. Funded organizations served over 9,000 Massachusetts consumers and homeowners in 2020.
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