BOSTON (WHDH) – Boston Mayor Michelle Wu this week celebrated a new investment to help dozens of first time home buyers with their down payments.
The $7 million in funding will also help the city acquire new affordable housing and support small businesses affected by the pandemic.
At an event in Mattapan, the mayor said it’s a critical move to help nurture the community.
“For too many families, owning a home here in Boston feels like an impossible dream,” Wu said. “Sometimes it just takes taking down some of those barriers and it opens up a whole new world.”
The mayor said she hopes these initiatives will help prevent people from moving out of the city.
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