SBOL_06_17_2021

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THE PRINT EDITION

THURSDAY JUNE 17, 2021

VOLUME XIX- ISSUE 74

Boston’s Plan to Recover from the Pandemic

By: Mayor Kim Janey

T

hroughout the pandemic, our city has remained resilient through uncertainty and hardship. Together, we are making real progress in our public health recovery. Cases of COVID-19 continue to decline, as vaccination rates climb steadily across the city. Now,, we must focus on an economic recovery, reopening and renewal that includes all of our communities. That starts with bold measures that encourage equity in our city and open opportunities for those who have been shut out. Boston’s recovery and reopening is a chance to renew our city, making it stronger and more equitable. The racial wealth gap among Boston residents made headlines even before the pandemic. I know we can do better. My administration is implementing concrete changes to help working families earn living wages and build

Back to the Beaches

wealth of their own. I have announced two new measures to promote economic equity and opportunity for working families in Boston. The first initiative put homeownership within reach for first-time homebuyers. I used a firsttime buyer program to purchase my own home, so I know how important homeownership is economic stability and breaking the cycle of poverty. That is why I am excited to triple down payment assistance for the Boston Home Center’s first-time Homebuyer Program. With a $2.4 million commitment to this program in my FY22 budget proposal, we will be able to provide up to $40,000 in assistance to incomeeligible residents seeking to purchase a home for the first time. Residents can also receive assistance with down payments and closing costs. This change more than triples the average amount of Continued on Page 2

Save the Harbor/Save the Bay is bringing the Boston Circus Guild, the Harbor Healing Wellness Program and mobility mats and beach wheelchairs to the Metropolitan Region’s public beaches this summer as part of their Better Beaches Program Partnership with DCR. (Story on Page 11)

“ONE OF THE BEST RATES AROUND!” Home Equity Line of Credit

1.75%

APR* 1st 6 months then prime minus .75% for life

2.50%

Got Plans?

APR*

current fully-indexed rate

Apply Online, By Phone or By Appointment.

massbaycu.org

(617) 269-2700

SOUTH BOSTON – EVERETT – QUINCY – SEAPORT *APR= Annual Percentage Rate. 1.75% Annual Percentage Rate (APR) is an introductory rate for the first six months. After the introductory period, rate on the outstanding balances will revert to Prime Rate as published in the Wall Street Journal on the first day of the calendar month minus (-) 0.75%. Prime rate as of 4/1/2021 is 3.25%. The APR may vary monthly. Minimum rate 2.50% and maximum rate 18.00%. 10 year draw period. 15 year repayment period. Minimum $10,000 draw at closing and $1,000 advances thereafter. 80% combined LTV to $200,000 (</=70% LTV $300,000). Proof of adequate property insurance required and Flood Insurance may also be required. Subject to credit approval. Other terms and restrictions apply including 620 minimum credit score. Offer subject to change without notice. NMLS ID #615913

EQUAL HOUSING

OPPORTUNITY


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