Kim Janey

Boston Creates Fund to Help Homeowners Avoid Foreclosure

Mayor Kim Janey says pandemic-related job losses have negatively impacted many local residents who are now struggling to make ends meet

Getty Images

The city of Boston has set aside $5 million in emergency funds to help local homeowners avoid foreclosure.

Mayor Kim Janey announced the program Thursday.

Eligible residents can apply for a piece of the funding to help them make payments to lenders and stay in their home. To receive the support, applicants must be at least 90 days behind on payments and who meet income guidelines.

Janey says pandemic-related job losses have negatively impacted many local residents who are now struggling to make ends meet. The city is using federal pandemic relief funds to pay for the program.

Copyright AP - Associated Press
Contact Us