Governor Maura Healey and Lieutenant Governor Kim Driscoll have launched the ONE+ Mortgage Program, a significant initiative aimed at enhancing affordable housing opportunities in Massachusetts. This program is designed to assist first-time homebuyers, particularly in gateway cities such as Lynn, Lowell, and Lawrence, where housing affordability is a pressing concern.

At the heart of the program is a commitment from Eastern Bank, which has pledged $4 million to support the initiative. Over the past 30 years, Eastern Bank has donated more than $17 million to community organizations focused on housing security and has financed over 10,000 multifamily affordable housing units, totaling $2.2 billion in loans. Their involvement underscores a long-standing dedication to addressing housing challenges in the state.

Housing Secretary Ed Augustus emphasized the importance of collaboration among government, nonprofit organizations, and the business community in making homeownership more accessible. He acknowledged the contributions of local leaders and organizations, including the Boston Foundation and the Mass Housing Partnership, in advancing affordable housing initiatives.

The ONE+ Mortgage Program aims to provide resources and support to first-time homebuyers, helping them build equity and wealth through homeownership. This initiative reflects a broader commitment by the Healey-Driscoll administration to create a more affordable and equitable Massachusetts for all residents.

As the program unfolds, officials are encouraging other businesses and foundations to join in supporting this vital effort, ensuring that more resources are available to those looking to purchase their first homes. The launch of the ONE+ Mortgage Program marks a pivotal step in addressing the critical issue of housing insecurity in the state, promising to make a meaningful difference in the lives of many families.