Two military families will soon be able to put down roots in Worcester and Millbury. Recognizing the need for affordable homeownership opportunities for veterans and military families, Bank of America donated two properties to Project Homefront, an initiative spearheaded by Worcester Community Housing Resources. Project Homefront aims to provide the security and stability of homeownership to families who have served their country.
With their expertise in affordable housing development and rehab, WCHR fully renovated the two homes, transforming them into quality, family-sized housing. They worked with MassHousing to arrange mortgages for eligible buyers. WCHR will sell the homes to eligible families at affordable prices. Buyers will pay 60 percent of the sale price, and WCHR will cover the rest of the cost with a forgivable lien.
For Bank of America, the decision to work with a CDC like Worcester Community Housing Resources came down to shared values. “We share Worcester Community Housing’s commitment to honoring those who’ve served, and their track record of improving the community in meaningful ways made them an ideal partner for the home donations,” said Ed Shea, Bank of America Worcester market president.
This project gives military families the opportunity for homeownership and the stability that comes with putting down roots. After the sacrifices that these families have made in service to the Commonwealth and our country, they deserve nothing less than a place to call home.