First-Time Home Buyer Grants in Massachusetts

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    Individual Development Account

    • Massachusetts' Housing and Economic Development Office offers low-income citizens an Individual Development Account Grant. These grants are, in actuality, matched saving accounts that can be used to purchase a home. Ideally, the grant targets residents living in subsidized housing with current employment and a consistent work history. To apply, contact the office of Housing and Economic Development to request an application. Prepare pay stubs as well as a resume to verify current employment and work history. Complete the application and submit it to the Housing and Economic Development Office.

      Massachusetts Housing and Economic Development Office
      1 Ashburton Place Room 2101
      Boston, MA 02108
      617-788-3610
      mass.gov

    Cambrige Financial Assistance Program

    • The Cambridge Financial Assistance Program offers a grant to potential first-time home buyers to put down a payment for a home purchased in Cambridge, Massachusetts. The home must be a primary residence for the buyer and the buyer must agree to restrictions limiting the sale of the property. One-year residency in the city of Cambridge is also a prerequisite. To get started, applicants must prequalify by exhibiting their gross family income (wages, child support, alimony, etc), amount of monthly debt (credit card bills, students loans, etc), available savings for a down payment, and an estimated purchase price of the properties of interest. Next, applicants should contact the Cambridge Community Development Office and request and application.

      The Department of Cambridge Community Development
      344 Broadway
      Cambridge, MA 02139
      617-349-4600
      cambridgema.gov

    Taunton First Time Homebuyer Program

    • The city of Taunton, Massachusetts assists eligible home buyers with down payment and closing cost assistance. Up to $10,000 of the closing costs are provided in addition to 50 percent of the five percent down payment cost. Eligibility is dependent upon income guidelines as set forth by HUD (Housing and Urban Development Department). Applicants must first gather all proof of income (wages, child support, alimony, stocks, etc.) and debt (car loans, student loans, credit card bills, etc). Secondly, applicants must attend pre-purchase and post-purchase home buyer training courses. Finally, applicants must be prepared to be an actual resident at the purchased property.

      Taunton City Hall
      15 Summer St.
      Taunton, MA 02780
      508-821-1024
      taunton-ma.gov

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