Boston-Area Transit Users Get Home Loan Discounts
According to this article, the Massachusetts Housing Finance Agency has partnered with area banks to offer regular transit riders home loans with no down payment. It’s nice to see real economic incentives attached to transit usage. The cynical part of me expects people to buy transit passes for a year (and keep driving) just so they can qualify for the better loan terms–after all, $420 for a year of subway passes is much less than a typical down payment. Still, I hope that it’ll enable some of Boston’s many transit riders to settle in good homes near transit.
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