State Offers Interest-Free Downpayment Assistance for First-Time Homebuyers

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BOSTON — Governor Maura Healey and MassHousing announced that more Massachusetts residents are now eligible for $25,000 in interest-free downpayment and homebuyer assistance to help them afford to buy their first home. 
 
Earlier this year, Governor Healey announced a $25 million investment to expand MassHousing's homebuyer assistance program so that more people than ever before can lower their upfront costs and afford to become homeowners. 
 
"We are focused every day on lowering the cost of housing for people," said Governor Healey. "This program lowers families' upfront costs and their monthly payments so that more people can afford to buy a home and build their future right here in Massachusetts. Today, we're bringing this assistance to a wider cross-section of the middle class who are being priced out of homeownership right now. We encourage any eligible first-time homebuyers to apply for this expanded assistance, and we're going to keep using every tool at our disposal to lower costs for everyone." 
 
This program provides eligible buyers with up to $25,000 at 0 percent interest with deferred repayment terms to help cover a down payment, closing costs, prepaid mortgage insurance or reduce their interest rate. The program is available to first-time homebuyers who lock in their MassHousing mortgage between April 27 and July 31, 2026 and earn up to 135 percent of area median income, which includes many middle-class borrowers across the state. This assistance is available to people earning up to 135 percent of area median income – ranging from $205,335 in eastern Massachusetts, to $165,645 in Worcester County, to $137,565 in the Berkshires and $129,870 in Hampden County.   
 
Interested homebuyers can visit masshousing.com to learn more about eligibility criteria and application instructions. 
 
MassHousing already offers up to $25,000 in down payment and homebuyer assistance loans to moderate- and middle-income households purchasing a first home in any Massachusetts community. Prior to the Governor's investment, this assistance was offered in the form of a 15-year second mortgage with interest rates ranging from 2 to 3 percent, depending on household income. With the new funding, that assistance is now available at 0 percent interest with deferred repayment, significantly lowering upfront costs for buyers.  
 
Since the beginning of 2023, MassHousing has delivered more than $1.9 billion in mortgage financing, helping over 5,900 households become homeowners. During that time, the agency has issued 4,757 down payment assistance loans, with four out of five mortgages supported by this tool. Over the past 18 months, nearly all first-time homebuyers using MassHousing have relied on down payment assistance to purchase a home. 
 
The Healey-Driscoll Administration is also advancing the Massachusetts Homeownership Tax Credit (HTC), created under the Affordable Homes Act and administered by MassHousing, to increase homeownership opportunities for moderate-income households through the development of new homeownership units. The HTC provides up to $10 million a year for five years through calendar year 2029 to support the production of new homeownership units. It is the first program of its kind in Massachusetts and one of only three programs nationally to use state tax credits to support homeownership production. 
 
These initiatives complement existing programs that help expand access to homeownership through Massachusetts Housing Partnership's (MHP) homeownership programs, including ONE Mortgage, ONE+ and ONE+Boston, which help eligible first-time buyers lower borrowing costs and access financial assistance. Since 1991, MHP has provided over $5.3 billion in below-market bank financing and made it possible for more than 26,000 low- and moderate-income families in Massachusetts to purchase their first home.  
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Pittsfield School Committee OKs $87M Budget for FY27

By Brittany PolitoiBerkshires Staff

PITTSFIELD, Mass. — The School Committee has approved an $87 million budget for fiscal year 2027 that uses the Fair Student Funding formula to assign resources. 

On Wednesday, the committee approved its first budget for the term. Morningside Community School will close at the end of the academic year and is excluded. 

"This has been quite a process, and throughout this process, we have been faced with the task of closing a $4.3 million budget deficit while making meaningful improvements in student outcomes for next year," interim Superintendent Latifah Phillips said. 

"Throughout this process, we've asked ourselves, 'What should we keep doing? What should we stop doing? And what should we start doing?' I do want to acknowledge that we are presenting a budget that has been made with difficult decisions, but it has been made carefully, responsibly, and collaboratively, again with a clear focus first on supporting our students."

The proposed $87,200,061 school budget for FY27 includes $68,886,061 in state Chapter 70 funding, $18 million from the city, and $345,000 in school choice and Richmond tuition revenues.  It is an approximately $300,000 increase from the Pittsfield Public Schools' FY26 budget of $86.9 million. 

The City Council will take a vote on May 19. 

Thirteen schools are budgeted for FY27, Morningside retired, and the middle school restructuring is set to move forward. The district believes important milestones have been met to move forward with transitioning to an upper elementary and junior high school model in September; Grades 5 and 6 attending Herberg Middle School, and Grades 7 and 8 attending Reid Middle School. 

"I also want to acknowledge that change is never easy. It is never simple, but I truly do believe that it is through these challenges that we're able to examine our systems, strengthen our practices, strengthen our relationships, and ultimately make decisions that will better our students," Phillips said. 

Included in the FY27 spending plan is $2.6 million for administration, $62.8 million for instructional costs, $7.5 million for other school services, and $7.2 million for operations and maintenance. 

Assistant Superintendent for Business and Finance Bonnie Howland reported that they met with Pittsfield High School and made two additions to its staff: an assistant principal and a family engagement attendance coordinator.

In March, the PHS community argued that a cut of $653,000 would be too much of a burden for the school to bear. The school was set to see a reduction of seven teachers (plus one teacher of deportment) and an assistant principal of teaching and learning, and a guidance counselor repurposed across the district; the administration said that after "right-sizing" the classrooms, there were initially 14 teacher reductions proposed for PHS. 

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