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Resident asks council to create $5 million home-repair loan program for seniors with homes held in trusts
3570192 · May 29, 2025
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Summary
A Mattapan resident urged the council to fund a new loan program for senior homeowners excluded from existing programs because their properties are held in trusts, proposing a $5 million city fund and estimating sustainable returns to operate the program.
Lisa Spagnolo, a Mattapan resident, asked the Ways and Means Committee to create a new $5 million home-repair loan fund for senior homeowners whose properties are held in trusts and therefore ineligible for some existing city repair and zero-interest loan…
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