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Mayoral Candidates to Address MAHA First Time Homebuyer Class

September 3, 2013 - Three weeks from today, Boston voters will select two finalists in the first open Mayoral contest in 20 years. And tonight, three of the candidates for that position will visit a MAHA first time homebuyer class to share their homebuying stories.

MAHA invited all 12 candidates for Mayor to attend one of our four upcoming classes on either September 3rd, 4th, 10th or 11th. The candidates were asked to address three topics - why home seekers should buy a home in Boston under their administration; share their personal home buying story; and indicate whether they would require banks to offer the most affordable mortgages in order to gain access to city-funded downpayment assistance programs.

Leading off tonight will be City Councilors Rob Consalvo, Felix Arroyo, and John Connolly. District Attorney Dan Conley is scheduled for Tuesday the 10th and Charlotte Golar Richie is confirmed for the 11th.

Finding the Best Lenders

Walk into a branch of East Boston Savings Bank or its Mt. Washington Bank division and ask if they offer the most affordable mortgage in the state – a product offered by more than 20 different lenders. They don’t.

You can get the most affordable mortgage at Blue Hills Bank and several other banks across the city. Yet, when you look at Boston’s list of approved lenders for city-funded downpayment assistance, you will find East Boston Savings Bank on the list while Blue Hills Bank is not.

MAHA, with a coalition of housing groups, asked mayoral candidates if they would change the criteria for earning a spot on the city's list. Reward banks for offering the best products and ensure that homebuyers are best served by getting the best mortgage possible. And provide an incentive for other banks to improve their mortgage options.

You can download the full housing and community development questionnaire and read all of the responses from the candidates.




MAHA

Massachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
By email:
By phone: 617-822-9100
By fax: 617-265-7503

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