Co-Purchasing Housing Pilot Program Launched

The Co-Purchasing Housing Pilot Program has been launched by Mayor Michelle Wu to address the challenges faced by middle-income families in Boston's housing market. This innovative initiative, revealed during her 2025 State of the City Address, allows multiple households to pool their resources to purchase multifamily properties, making homeownership a more achievable goal. The program is particularly focused on supporting historically marginalized communities that have been priced out of the market. Mayor Wu stated, "Through the Co-Purchasing Pilot Program, we are creating opportunities for residents to pool their resources and build generational wealth together. " Participants in the program can receive up to 5% of their share of the purchase price as a forgivable loan to assist with costs.

A co-ownership agreement is required, and applicants must be first-time homebuyers who will live in the property as their primary residence. The program not only opens doors to homeownership but also strengthens community ties and offers a competitive edge against investors. This initiative aligns with Boston's broader housing strategy, aiming to ensure that the city remains a place where everyone can thrive.