$9 Million Available to Foreclosed Home Buyers in Massachusetts
The Massachusetts Department of Housing and Community Development has unveiled plans to provide up to as $40,000 in cash toward improvements on a newly purchased foreclosed property in Massachusetts. Purchases of homes must be made between April 2009 and September 2010.
More than $9 million has been set aside to encourage low- and moderate-income buyers to purchase, improve, and move into as many as 250 properties in neighborhoods most hit by foreclosure. The areas included in the plan include: Boston, Salem, Somerville, Yarmouth, Brockton, and Peabody
According to the details of the plan, buyers purchasing single-family homes could get up to $20,000 in funds and those buying multi-family homes like two- or three-families could receive as much as $40,000 to make improvements under the plan.
“We are trying to give folks another reason to take a look at foreclosed properties in neighborhoods that are hardest hit,” said Clark Ziegler, executive director of the Massachusetts Housing Partnership. “We think we are going to help people get into good situations.”
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Where can I get a copy of forclosure homes listings in Boston. Also, information regarding the improvement money/grants. thank you, suzanne