This past spring, Boston Mayor Thomas M. Menino announced the launch of the city’s Affordable Housing Trust Fund, designed to help city workers—many of whom are required to live in the city—pay for housing costs. The fund will support down payments, mortgages, and rent payments for qualifying members of the American Federation of State, County, and Municipal Employees (AFSCME). The city, which started the fund with a lump sum of $525,000, has pledged to contribute 5 cents for every hour worked by a Boston AFSCME member.
SOURCE: THE BOSTON GLOBE
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Learn more about markets featured in this article: Boston, MA.
