NAACP MYSTIC VALLEY AREA BRANCH LAUNCHES HOUSING ASSISTANCE PROGRAM

Medford, MA - The National Association for the Advancement of Colored People (NAACP) – Mystic Valley Area Branch of the NAACP has established the Mystic Valley Area Branch of the NAACP Housing Assistance Program to improve housing opportunities for low to moderate income families.

The Mystic Valley Area Branch of the NAACP Housing Assistance Program, with a generous matching donation from our partners at Century Bank, will grant funds to first-time home buyers towards their down payment or closing costs. Emergency rent assistance is also available. Through this partnership, funding will also be considered for limited home maintenance needs such as HVAC repair, wheelchair ramp installation, and other unexpected expenses needed to maintain a livable and accessible home.

Low to moderate income families in our local communities are eligible (check application for additional details). Elderly residents, with no income restrictions, within the same geographic areas may also qualify. “The high cost of housing in the Mystic Valley area has made it difficult for many families to purchase a home. Owning a home can help families build wealth and achieve financial stability. We are excited to be able to help create more equity and access,” said Zane Crute, President of the Mystic Valley Area Branch of the NAACP.

“This partnership will help families obtain affordable and sustainable homeownership. I’m thrilled to be able to provide additional guidance and expertise to families as they navigate the road to homeownership,” said Cornelius Prioleau, Economic Development & Housing Chair of the Mystic Valley Area Branch of the NAACP, as well as Vice President at Century Bank.

“Century Bank has always valued our relationship with the NAACP and our community. Buying a home is one of the best investments a family can make. We are proud to offer support to help families purchase and remain in homes,” said Barry R. Sloane, Chairman, President and CEO at Century Bank.        

To apply for this housing assistance program, please complete the application form here.

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Founded in 1909, the NAACP is the nation’s oldest and largest nonpartisan civil rights organization. Its members throughout the United States and the world are the premier advocates for civil rights in their communities. Established in 1977, The Mystic Valley Area Branch's roots lie in the work of civic leaders from the West Medford community.


About Century Bank
Century Bank operates 27 full-service branches in 19 cities and towns throughout Massachusetts. Founded in Somerville in 1969 by Marshall M. Sloane, Century Bank is New England's largest family-run bank. The Sloane family has continued to grow Century into a bank that families rely on - a place where you can count on getting both personal attention, and sophisticated financial solutions. Century Bank, headquartered in Medford, Massachusetts, employs over 400 associates and has $6 billion in assets. Century Bank is a member of the FDIC and an Equal Housing Lender.

 

 


 

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