The Malden Redevelopment Authority (MRA), representative member of the North Suburban Consortium (NSC), received a contribution from Prime Lending in recognition of NSC’s work to promote affordable housing by providing funding for affordable rental developments and homeownership opportunities through down payment assistance loans and oversight of the resale process for properties subject to NSC affordable housing covenant/restriction.
Since most lenders providing financing to first-time homebuyers require that applicants attend and complete a first-time homebuyer course, we are now offering a program to reimburse residents in NSC communities (Malden, Medford, Arlington, Chelsea, Everett, Melrose, Revere and Winthrop) who complete a pre-purchase, post-purchase, multi-family property owner/landlord or foreclosure prevention course between July 1, 2018 and June 30, 2019.
Applicants who have completed a course and are seeking reimbursement can submit their completed application along with proof of residency, payment and course completion by mail to: Malden Redevelopment Authority, P.O. Box 278, Malden, MA 02148 ATTN: HOME Director or to their NSC Community Representative. Upon approval, a reimbursement check will be issued and mailed to the applicant. Reimbursement is limited to $100 per household.
To find a calendar of upcoming courses or a list of agencies providing courses, please go to the Citizens’ Housing and Planning Association website (chapa.org).