City Announces ARPA Funding to Benefit First Time Homebuyers and Small Businesses

Special to the TimesMayor Michelle Wu joined members of the Boston City Council, the Boston Housing Authority (BHA), the Mayor’s Office of Housing (MOH), and the Office of Economic Opportunity and Inclusion (OEOI), to announce the allocation of a $7 million investment of American Rescue Plan Act (ARPA) funding to bolster Boston’s neighborhoods in three ways: by (1) helping first time home buyers with down payment assistance, (2) acquiring of market-rate properties to grow affordable