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Home World USA

A new Boston development is prioritizing first-generation home buyers. It could help close the racial wealth gap.

1 November 2024
in USA
0
A new Boston development is prioritizing first-generation home buyers. It could help close the racial wealth gap.
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Brookley Flats in Jamaica Plain is set to open in 2025, offering affordable homeownership units for first-generation buyers. Developed by the Jamaica Plain Neighborhood Development Corporation, the complex aims to help close the racial wealth gap by prioritizing applicants whose parents have never owned a home in the US. This initiative is part of a growing trend of first-generation home buyer programs in states like Massachusetts, Rhode Island, and California, aiming to make homeownership more accessible in competitive real estate markets like Greater Boston.

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Tags: BostonbuyersCloseDevelopmentfirstgenerationgaphomeprioritizingRacialwealth
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