Press release submitted by Rollstone Bank & Trust
Rollstone Bank & Trust is proud to partner with NewVue Communities in its homebuyer assistance program as part of ReImagine North of Main, a unique program that focuses on the North of Main neighborhood of Fitchburg - one featuring great housing stock and older homes with a lot of character, all within walking distance to downtown Fitchburg. Thanks to special funding from the North Central Massachusetts CRA Coalition and ReImagine, residents who purchase homes in the neighborhood can receive down payment assistance up to $4,000. The only requirement is that the property be owner-occupied.
This past Fall, the first loan transaction under the program was completed. Alanna Molloy purchased a home that she had lived in as a tenant since moving here from Tennessee. As part of RBT’s commitment to the program, the Bank also provided $1,000 towards closing costs, for a total of $5,000 in aid.
Ms. Malloy, the buyer, said that “The money I received from this program covered my closing costs. Without the money from this program, I would probably have had to wait another year to save up enough to purchase my home.”
“We are so glad that Alanna has chosen to call the North of Main neighborhood home,” stated Tricia Pistone, Director of the ReImagine North of Main Initiative, “Our goal with this program is to encourage homebuyers is to consider buying in this diverse and dynamic neighborhood in Fitchburg.”
“It was a great pleasure working with Alanna and Rollstone Bank in making this possible for her to purchase this home. Programs like this are greatly needed in our area,” said Madeline Mendoza, Housing Program Manager for NewVue.
Roberta Parker, Senior Vice President at Rollstone Bank & Trust, said, “This is a unique program, which we’re pleased to be a part of. We have many clients who want to purchase a home, and this gives them a great incentive to do so in the North of Main neighborhood.” She also stressed that the program is limited, so interested buyers should act fast.
Since 1846, Rollstone Bank & Trust has been serving the people, businesses and organizations of Central Massachusetts and continually earns 5-star rating for safety and soundness. It has 8 offices, located throughout Fitchburg and Leominster, as well as Harvard, Townsend, and Worcester. RBT can be found on the web at RollstoneBank.com.
About NewVue Communities
For more information on NewVue Communities visit newvuecommunities.org
About ReImagine North of Main
ReImagine North of Main is a partnership—local businesses, government, nonprofits and, most importantly, residents—committed to making a collective impact, and dedicated to improving the quality of life in our neighborhood. Our collaboration is focused in three key areas: economic development & entrepreneurship, housing, and community engagement. Through resident and stakeholder engagement, policy advocacy and responsible development, we aim to improve the quality of life in these three areas, resulting in a ReImagined North of Main where both current and future residents and businesses want to live, work, play, and invest. For more information, visit www.reimaginenom.com