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The state annually awards funds to certain communities and non-profit agencies that operate local first-time homebuyer programs. Funds are used to make loans to first-time homebuyers with incomes at or below 80% of the area median income. Income guidelines vary from year to year and region to region.
NOTES: For the Federal income limits established by Housing and Urban Development (HUD), see the HUD Income Limits page at:
http://www.huduser.org/datasets/il.html
The limits change annually, usually in February or March, so you should check then. You should also check to see if a WorkWORLD update is available at:
http://www.workworld.org/
Contact the Department of Housing and Community Development at (617) 727-7824.
Homeownership Opportunities - Massachusetts
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