Merrimack Valley Housing Partnership applied for $500,000 of CPA funds for the support of Community Housing. The applicant proposes to create an affordable homeownership program in Lowell based on the OnePlus Boston program. The program would use CPA funds to provide interest rate discounts on 30-year fixed rate mortgages for low- and moderate-income, first time homebuyers. The program would assist eligible homebuyers in the purchase of market-rate and higher priced deed-restricted properties.
Project in progress
02-15-2022
Project Category
Project Details
Housing Units
0
0
0
Acres
0
0
0
0
0
0
CPA Funding
$0
$500,000
$0
$0
$0
$500,000
$0
0
$0
Other Funding Sources Leveraged
$0
$0
$0
$0
$0
Total Project Cost
$500,000
$0
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