STASH is a first-in-the-nation matched-savings program for first-generation homebuyers below the area median income. If you are the first-generation in your family to buy a home, then we have a $2,000 STASH (Saving Toward Affordable Sustainable Homeownership) for you. If you are buying in the City of Boston, then you take be part of our new Boston First-Gen Partnership with the City's Department of Neighborhood Development. If you save $2,500, you will get $5,000 in match dollars.

Who is qualified to participate?

To qualify you must:

  • Be a first-generation homebuyer 
  • Be a graduate of MAHA's (or CHAPA certified) first time homebuyer class 
  • Earn 100% or below of the area median income
  • Earn a minimum household income of $45,000 per year

Then once you are enrolled in the program you must attend 8 one-hour monthly credit, budget, and asset management sessions virtually via Zoom video conference and save $2,500 from your own funds over the course of one year into the STASH savings account we open on your behalf with a participating bank.

How does it work?

If you qualify to participate, you can sign up for the monthly savings club an attend the meetings. Once you sign up, you have 36 months to save $2,500 of your own money. Then when you buy a home you will receive the matching funds to put towards associated costs. If you buy within the City of Boston the match is $5,000.

Why first-generation homebuyers?

STASH is an example of a race-conscious public policy. Massachusetts has one of the worst racial homeownership and wealth gaps in the nation. We need to be intentional about closing that gap and STASH can play a role. First-generation homebuyers do not have the "Bank of Mom and Dad" and STASH can be that resource to help put first-generation homebuyers on a level playing field with those that have intergenerational assets.

Who participates in STASH?

The median income of STASH households is $56,500 and the average household size is 2.6 persons. 191 STASH participants have saved over $220,000 and fourteen have purchased. 73% are Black; 18% are Latinx; 5% multiple race; 3% white; and 1% Asian. 38% live in Dorchester; 12% in Hyde Park; 9% in Mattapan; and 9% in Roxbury. 90% are Boston residents.

Have more questions?

Email Anthonina at

Donate to STASH in Memory of Jesse Hubbell

Jesse Hubbell passed away suddenly and tragically on June 17, 2019 while working on location in Montana. Jesse was born and raised in Washington D.C., but it was Jesse's love of music and the Jazz guitar that brought him to college in Boston, and it was there he stayed to build a career in commercial and film production. Homeownership was also important to Jesse and his family and friends have joined together to raise money for MAHA's STASH program in honor of Jesse's life and his belief in the power of homeownership. Join Jesse's family and friends and donate to STASH today to help us reach more first-generation homebuyers and provide a direct savings match.

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