As Worcester moves forward with its revitalization, Bank of America in April convened a community roundtable on how to move more people into affordable homeownership. With the participation of local leaders including Timothy Murray, president and CEO of the Worcester Regional Chamber of Commerce, and Tim Garvin, CEO of United Way of Central Massachusetts, the discussion focused on overcoming barriers to entry in the local real estate market.
Beverly Walter, area lending manager at Bank of America
Everyone knows home prices are increasing, but what is less well known are the various lending and grant programs that may be available to buyers. Some would-be buyers self-select out of homeownership, assuming they can’t afford a monthly mortgage payment or the upfront costs. Others simply don’t know where to start.
To help future buyers better understand what’s possible,…