Boston Globe » Tim Logan
Boston: Police funds used to boost homeownership
BOSTON --- In an effort to address racial disparities and increase homeownership, the City of Boston is shifting $250,000 from the police department's overtime budget into a $325,000 matching grant program to help lower- and middle-income residents buy homes in the city. The grant would provide up to $5,000 to qualifying “first-generation” buyers who put up $2,500 of their own. The program is part of a larger homeownership effort by the city and the Massachusetts Affordable Housing Alliance, and includes MHP's ONE+Boston program.