MountainOne Bank Offering Assistance To Homebuyers

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NORTH ADAMS, Mass. — MountainOne Bank, with branches across Berkshire County and the South Shore, has been selected to participate in the Federal Home Loan Bank of Boston's Housing Our Workforce (HOW) Program, which assists local homebuyers with down-payment.
 
Through HOW, the FHLBank of Boston provides $2.5 million in grants to participating financial institutions to assist homebuyers with the purchase of an owner-occupied primary residence. Income-eligible households can receive up to $10,000 in a one-to-one match of down payments made at the time of purchase, which is forgivable after five years from the date of loan closing. To be eligible, borrowers must be earning more than 80 percent and up to 120 percent of the area median income address of their new home, and must complete a homebuyer counseling program, and post-purchase counseling approved by MountainOne Bank. Loans are subject to credit approval.
 
"Many homeownership programs are designed to assist lower-income individuals and families. It is often challenging for those in a slightly higher income range to afford housing, particularly in communities where home prices are rising. With this program, a greater number of borrowers who are incredibly important to the economic well-being of our communities will be able to achieve homeownership," said Robert Fraser, MountainOne President & CEO.
 
MountainOne Bank is eligible to receive up to $100,000 in 2021 through HOW depending on availability of funds.
 
Those interested in learning more about how they may qualify for HOW funds can contact MountainOne Bank via the www.mountainone.com website or via phone at 855.444.6861. 

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Letter: Building a More Sustainable North Adams

Letter to the Editor

To the Editor:

Last week, the North Adams City Council voted unanimously to expand the scope of our existing Tree Commission and create a new Sustainability & Tree Commission. I think this is an important move towards building a more sustainable city, for our future and the future of our children.

This wasn't the work of any one person. A lot of people put time and thought into getting us here. I want to thank my fellow councilors, who worked together to make the commission stronger; Mayor Macksey and her administration, who supported this change from the beginning; Tree Commission Chair Stephen Betti, who gave the proposal his blessing and spoke up in support of it; the members of the Inclusion, Diversity, Equity, and Access Commission, whose review helped make the language more inclusive; and the members of Green NA, who provided encouragement, guidance, and advocacy throughout this process.

The new commission will continue the important work of caring for and planting North Adams' trees while taking on a much broader role in thinking about our city's environmental future. It will advise the City on issues including energy efficiency, renewable energy, climate resilience, natural resource conservation, recycling and waste reduction, water management, biodiversity, sustainable development, and more. And importantly, the commission will have a role in public education, community engagement, pursuing grants and partnerships, and working with other boards, departments, and regional organizations.

The next step is to build the commission.

Assuming all three members of our current Tree Commission stay on, and I certainly hope they do, we will need four new members appointed by the mayor. The ordinance encourages the appointment of at least one young person under the age of 25, because we all believe young people should have a seat at the table when we talk about the future of their community.

If you are interested in helping build a more sustainable North Adams, I encourage you to consider applying by filling out the city's Boards & Commissions application and selecting "Tree Commission" here: 

Whether you join this commission or simply find another way to get involved, I hope you will participate. North Adams needs people who care enough to roll up their sleeves and help build the future, one tree planting at a time.

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