Grants will be given as a 2-to-1 match, meaning that eligible homebuyers must contribute $2,500 of their own money to receive the full $5,000, and they must also earn less than the area median income,

First-time home buyers may face some financial relief thanks to a new program from MassHousing. The program will benefit these buyers by financing a down payment of 3 percent of the price they purchased the house for, or $12,000, whichever is less. Borrowers will later have to pay back the cost of the down payment with a low-cost secondary mortgage requiring no cash up front.