Boston is addressing its housing affordability crisis through a new Co-Purchasing Housing Pilot Program. This initiative provides up to $50,000 for families and friends to pool financial resources to acquire multifamily homes. The city's housing director, Alexander Sturke, highlighted the increasing inaccessibility of the market for middle-income families, especially those from marginalized communities. As of April 2025, multifamily homes remain a more affordable option compared to single-family homes amid rising prices and limited inventory, marking a crucial step towards more inclusive housing solutions in Boston.
"Boston's housing market has become increasingly inaccessible for middle-income families, particularly those from historically marginalized communities," Alexander Sturke, director of communications for the Mayor's Office of Housing, tells Realtor.com.
"The program is designed to mitigate some aspects of Boston's housing crisis," says Sturke. "While the pilot is a targeted solution and not a comprehensive fix for all housing issues, it represents a proactive step toward creating more inclusive and affordable housing opportunities in Boston."
"Boston has seen intense buyer demand over the last few years, and inventory levels have struggled to keep up," says Hannah Jones, senior economic research analyst at Realtor.com.
"In April 2025, the typical single-family home in Boston was priced higher than a multifamily home, underscoring the relative affordability of purchasing a property."
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