Division of Banks Awards More Than $3.5 Million for CDCs and Other Nonprofit Agencies Counseling Homebuyers and Homeowners 

On May 29, 2025, the Healey-Driscoll Administration’s Division of Banks (DOB) awarded more than $3.5 million in grants to 24 nonprofit organizations to fund first-time homeownership education programs and foreclosure prevention counseling centers throughout Massachusetts. These awards- the highest annual awards in the program’s history- were made under the “Chapter 206 Grant Program”- named after the Chapter in the groundbreaking 2007 law enacted in response to the nation’s financial and foreclosure crises.  Despite the current fiscal challenges faced by the Commonwealth, this year’s Chapter 206 awards by the DOB affirmed the importance of these proven counseling agencies which assist homeowners who are experiencing financial hardship and prospective homebuyers who are determining if homeownership is right for them. 

As in prior years, MACDC Members led the way, with 16 collectively receiving more than $2.6 million, three quarters of funding awarded, including awards to the following organizations: 

ACT Lawrence 

Allston Brighton CDC 

Asian CDC 

Codman Square NDC 

Community Development Partnership 

Franklin County Regional Housing and Redevelopment Authority 

Lawrence Community Works 

Neighborhood of Affordable Housing 

NeighborWorks Housing Solutions 

NewVue Communities 

Somerville Community Corporation 

South Middlesex Opportunity Council 

Southeast Asian Coalition of Central MA 

Urban Edge 

Way Finders 

Valley Community Development 

We are grateful to the DOB for its able stewardship and championing of the Chapter 206 Program, and to the Healey-Driscoll Administration and the MA Legislature for their support for the Program. 

From the MACDC GOALs Survey, we know that CDCs provided homebuyer counseling to almost 5,700 households in 2024, and foreclosure prevention counseling to more than 600 households. It’s a powerful combination: sound public investment coupled with a high-capacity nonprofit program delivery system. Since the inception of the Chapter 206 Grant program in 2008, DOB has awarded more than $30 million to organizations that have collectively assisted more than 109,000 consumers. 

MACDC Convenes Forum on Acquisition Strategies, Launches Broader Initiative 

A groundbreaking on adaptive reuse for a vacant, boarded up former school in Fitchburg- 68 apartments near downtown in this Gateway City.  Another groundbreaking for a new construction project in Pelham, a Rural Town in Western MA with 1,300 residents- for a project half the size of the Fitchburg project.  What do these two CDC events have in common?  More than one might think- in a word (or two)- patience and partnership! 

On a brisk early November morning, with a bright sun in a cloudless sky taking the bite out of the 30-something temperature, a large group gathered to celebrate the groundbreaking at the site of the former B.F. Brown School. NewVue Communities acquired the school in 2018, but as NewVue Executive Director Marc Dohan and other speakers noted, it’s taken more than 10 years to get to this point. 

It’s also taken many hands. NewVue and the site’s neighbor, the Fitchburg Arts Museum, started talking about this in January 2013. The Mayor’s office has pushed this project forward- initially with former Mayor Lisa Wong, and now with Mayor Stephen DiNatale. Numerous public funders and policymakers were present to celebrate: Executive Office of Housing and Livable Communities (EOHLC) Secretary Ed Augustus, senior officials from MassDevelopment, MassHousing, CEDAC, the Massachusetts Housing Investment Corporation (MHIC) and NeighborWorks America were among the speakers. Marc also thanked the Health Foundation of Central MA, and UMASS Memorial Health. The big sign with the list of supporters needed small lettering to include all of the organizations who made this happen. 

Two things noted by speakers stood out for me. First, Marc Dohan thanked MHIC for working with the CDC to diversify the construction workforce, which will have 15% of the hard (construction) costs paid to Minority Business Enterprises (MBEs), and 25% of the construction jobs will go to workers of color. Second, Dan Rivera, CEO of MassDevelopment, said “CDCs are the most important letters in the development alphabet.” 

That afternoon, Home City Development, based in Springfield, broke ground on Amethyst Brook Apartments in Pelham, a small town just east of Amherst. The crowd was a bit smaller than in Fitchburg, but no less happy to share this milestone.  After an enthusiastic welcome from Home City’s Board Chair, Loleta Collins, Executive Director Tom Kegelman described the importance of this project. Tom noted that a recent count showed that there are 224 homeless individuals in Hampshire County, and another 6,000 households who encounter rents so high that they need to cut back on life’s other necessities, such as food. The project, consisting of 34 units in two buildings, will be built to Passive House standards, and will contain charging stations for electric vehicles and roof-mounted solar panels. 

As in Fitchburg, the breadth, and depth, of the partnership is impressive. The Town’s Select Board and Zoning Board of Appeals fully supported the project. Tilman Lukas, who chairs the Town’s Housing Committee, provided a history of the site, noting the challenges of finding sites for housing, as a recent study found that only 8% of the land in Pelham is buildable. The Town provided $500,000 in Community Preservation Act funding, and at Town Meeting the vote in favor was overwhelming, with only a handful of residents voting no. On the State level, EOHLC and CEDAC provided critical funding. Bill Brauner from CEDAC noted that he received a call about this project from Tom Kegelman in 2019- so this project has taken more than 4 years to get to construction. MHIC CEO Moddie Turay said that this is the sixth Home City project MHIC has supported, evidence of the high regard they hold for Home City Development. 

Patience and partnership were the themes of these two groundbreakings. I’m looking forward to the ribbon-cuttings, when these projects are completed!