The Wu administration has launched the Co-Purchasing Housing Pilot Program, a new initiative aimed at increasing access to affordable homeownership opportunities in Boston. The program allows multiple households to combine their collective purchasing power to buy multifamily homes.
“Boston’s housing market has created significant barriers for middle-income families, particularly those from historically marginalized communities,” said Mayor Michelle Wu. “Through the Co-Purchasing Pilot Program, we are creating opportunities for residents to pool their resources and build generational wealth together. This program represents one of many steps toward ensuring Boston remains a city where everyone can thrive.”
The Co-Purchasing Housing Pilot Program is part of Boston’s broader housing strategy, with this program aimed at supporting middle-income residents who are often priced out of the city’s housing market, according to Wu’s office.
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