2019 MassHousing Annual Report - Page 9




The advice I’d give to someone who
wants to buy a home would be, to go
for it, you can now paint those bedroom walls black if you want to...LOL!
All jokes aside, the benefits of home
ownership are freedom, stability, tax
advantages, increasing home equity
and long-term wealth for your family.”
— Sonia Manley, Brockton
MassHousing borrower
Sonia Manley’s dream of home ownership came true
After years of renting, Sonia Manley was ready to buy her first home. Semi-retired and working for RoadOne Intermodal
Logistics in Randolph, Sonia started with online homebuyer education through Framework, then worked with Crystal
Kavanaugh from Century 21 to find a home in Brockton. Sonia connected with Lori Medeiros, a loan officer with Residential
Mortgage Services (a MassHousing-approved lender), who guided her through the process of applying for and closing a
MassHousing mortgage loan, along with down payment assistance of 3% of the home’s price, which made the purchase
even more affordable. Sonia’s dream of home ownership is now a reality.
Total Home Ownership Lending
Lending in Gateway Cities
FY2015-FY2019
FY2015-FY2019
$792,188,902
$800 million
3,000
FY2019
FY2015
$500 million
FY2016
FY2017
41%
2,000
FY2018
35%
37%
37%
39%
FY2015
FY2016
FY2017
FY2018
1,000
0
E'
FY2019
'
7

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