WESTFIELD – In coordination with MassHousing, the City of Westfield is co-sponsoring a home purchase incentive program called Buy Westfield Now. The purpose of this program is to promote home ownership within the city. A team of lenders, real estate agents, non-profits and other businesses have joined together to craft a home purchase incentive program for home buyers interested in investing in Westfield.
Peter J. Miller, director of community development for the city, said the team has been soliciting incentives from lenders, attorneys and home inspectors, and putting together a packet for homebuyers, which include incentives such as discounted fees from attorneys, or credit for closing costs from different groups.
An Open House is scheduled for vendors interested in participating in this incentive program. The Open House will be held on Wednesday, Sept. 13 from 12 to 2 p.m. at the G&E Service Center on 40 Turnpike Industrial Road, Westfield.
“The whole point is to use Westfield businesses as our vendors. The whole project will be Westfield-centric,” Miller said. “We’re trying to make the Westfield market as healthy as we can, and bring more buyers to market. People are looking for houses,” he added.
“We are excited to be building this program with MassHousing. Similar ‘Buy Now’ programs currently exist in Chicopee, Holyoke and Springfield, all of which have been successful for their cities. We are optimistic that Westfield can build a successful incentive program to entice home buyers to Westfield,” said Mayor Brian P. Sullivan about the Buy Westfield Now program.
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing.
“MassHousing is committed to helping lower-and moderate-income Massachusetts residents achieve the benefits of owning their own home and we are pleased to partner with the City of Westfield in the Buy Westfield Now program. This collaboration between the city, lenders, real estate agents and non-profit organizations provides all the resources new homebuyers need to not only purchase a home, but to be successful homeowners,” said MassHousing Executive Director Tim Sullivan.
For more information about attending the Sept. 13 Open House, contact Ida Tassinari at (413) 250-4262 or by email at [email protected]. Attendance to the event may be secured directly by reserving a ticket at the Eventbrite website, under ‘Buy Westfield Now Sponsor Kickoff.’
