One to Four Family Program

One to Four Family Program, is a powerful public/private partnership that provides loans to community development corporations (CDCs) to rehabilitate 1-4 family buildings in strategically targeted areas for first-time homeownership. The program enables the renovation of abandoned houses of one to four units that are too expensive for a single household to restore and too small to interest most developers.

BCLF has been an active participant in this program since 1995 and continues on a steady course of lending for the innovative program.

Working with seven different CDCs, including Dorchester Bay Economic Development Corporation (Upham?s Corner), Urban Edge (Egleston Square), NOAH (East Boston), Nuestra Comunidad (Roxbury), Codman Square Neighborhood Development Corporation, Quincy Geneva (Roxbury and Dorchester) and the Somerville Community Corporation, in the first 6 months of 2001 alone, BCLF provided $839,031 in ongoing financing that supported the development of 47 units of affordable housing for both first-time homebuyers and apartment renters in many greater Boston neighborhoods. Together we are enabling people to become homeowners, reconnecting buildings to neighborhoods and neighborhoods to the broader community.