Description
The Commonwealth of Massachusetts, Division of Banks, is offering grants to support first-time homeownership counseling programs and Regional Foreclosure Education Centers. The grants are funded through administrative fees associated with the licensure of loan originators. Eligible applicants must be registered with the Commonwealth's procurement system, have a satisfactory record of completion of prior grant agreements, and provide services such as foreclosure prevention counseling, first-time homeownership education, and financial literacy workshops. The application process involves submitting a proposal through the online form, including a cover letter, disclosure of licensed loan originators, and a line-item program budget. The Division will evaluate proposals based on criteria such as grant experience, outreach and work-plan, program budget, and performance tracking and evaluation.
• The grants are available for the 2026 calendar year, with a maximum funding amount of $1,500,000.
• Eligible applicants include non-profit organizations, community development corporations, and regional foreclosure education centers.
• The application deadline is January 16, 2026, at 5:00 pm EST.
• The Division will notify successful applicants in Spring 2026 and execute grant contracts prior to June 30, 2026.