Homebase, home buyers assistance service

0.19 MB·English

by  Boston (Mass.)

OMEBASE
HOME
BUYERS ASSISTANCE SERVICE
gg| CITY OF BOSTON RAYMOND FLYNN, MAYOR
L. fOfr
' 15 BEACON STREET BOSTON, MA02108 [phone] JS^ST,
CIIY OF BOSTON -^eSSSC' PRINTING SECTION
Digitized by the Internet Archive
in 2011 with funding from
Boston Public Library
http://www.archive.org/details/homebasehomebuyeOObost
Would you like to purchase an affordable home
in Boston? HOMEBASE is a new program estab-
lished by Mayor Flynn to help first-time home-
buyers learn about affordable homeownership
HOMEBASE mem-
opportunities in Boston. staff
bers can tell you about every City-sponsored
development project. We'll help you decide
whether you can afford to buy now, and if so,
how and whereto begin. you're not able to buy
If
a home right now, HOMEBASE can assist you in
working toward your goal of homeownership in
the near future.
What kind of afforda- help you assess your income and eligibility re-
ble homes are available? qualifications. A Buyer quirements, and your
These new homes vary Assistance Officer will Buyer Assistance Officer
in style and size, and are sit down with you and can explain these differ-
located in many neigh- review your current fi- ences to you.
borhoods throughout nances such as your in- Sounds great! Where do
the city. City of Boston come, credit history, and find HOMEBASE? The
I
sponsored projects offer savings. Based on this HOMEBASE
office is
townhouses, co-ops, information, the Buyer conveniently located on
and condominiums, in Assistance Officer can the first floor at 15
both large and small de- tell you what type of Beacon Street (near the
velopments, as well as a homes you can afford, State House) in down-
limited number of sin- and what loan programs town Boston. We're
gle and two-family may be available to you. open Monday through
homes. HOMEBASE Some loan programs of- Friday, 9 a.m. — 5 p.m.
maintains a complete fer special lower interest For your added conven-
listing of these homes rates, reduced downpay- ience, evening appoint-
that are ready to pur- ments, and closing cost ments can be made until
chase, and can give you assistance. Each loan 7:30 p.m. Just call ahead
information on many program has different to make an appointment
others that will be mar- with a Buyer Assistance
keted in the near future. Officer, or visit anytime
What does a buyer during our daily office
need to purchase one of hours. If you will need
these homes? Generally, special assistance such
you need funds for a as an interpreter, be sure
downpayment and clos- to call ahead so that we
ing costs, income suffic- can make the necessary
ient to carry a mortgage, arrangements.
and a reasonable credit The HOMEBASE phone
HOMEBASE
record. can number 725-3582.
is

DearFriend:
Twenty-oneyearsago, mywifeKathyandIpurchasedourfirsthome. Itwashardforus. Wehadverylittlemoneyandtwochildren at
thetime. Wemanagedtosaveenough forasmalldownpaymentandfounda modesthouseinourneighborhood. Weboughtthe
house, fixeditup, andraisedourfamilythere.
Havingourown homegavemyfamilytremendouspride, in ourselves, andin ourcommunity. Thatfirsthouseofours,purchased
more than twodecadesago, isstillourhome today.
Iknowthatbuyinga homein Boston iseven more difficulttodaythan itwas forme. Thespeculationboomputthedreamofowning
ahomebeyondthereach ofmostpeoplelivingin ourneighborhoods. As Mayor, Isetouttocorrectthis injustice. Withprogramslike
Project747, weturnedvacantlandintoaffordable housing, andwe turnedabandonedbuildingsintohomesandshelters forpeople
whoneedthem most. Through theseandmanyotherinnovativeprograms, theCityofBoston hascreatedthousandsofnewhousing
opportunities inourneighborhoods, andwe'replanningevenmore forthefuture.
IhaveestablishedtheHomeBuyersAssistanceService (HOMEBASE) tohelp first-timebuyerslikeyoulearnaboutthemanynew
homeownershipopportunities thatBoston nowprovides. Iurgeyou to takeadvantageofthis importantnewservice. Ihopethatyou
willsoonenjoythepride, benefits, andresponsibilities ofhomeownership.
Sincerely,
/p*y*e»^ «^
X, T^y*
RaymondL. Flynn
MayorofBoston
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