GOVERNOR PATRICK ANNOUNCES MASSACHUSETTS HOME OWNERSHIP COMPACT

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    By Massachusetts RealEstateRama -

    DORCHESTER – June 11, 2013 – (RealEstateRama) — Governor Deval Patrick today kicked-off Commonwealth Housing Week by announcing a new compact that creates a goal of providing 10,000 mortgage loans to first-time homebuyers over the next five years. The Home Ownership Compact includes a commitment among lenders to originate a specific number of mortgage loans to first-time home buyers with household incomes below the area median income through the MassHousing and the Massachusetts Housing Partnership programs.

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