MAYOR WALSH LAUNCHES PROGRAMS TO INCREASE ECONOMIC MOBILITY FOR BOSTON RESIDENTS

For Immediate Release: Wednesday, October 25, 2017

Contact: Press Office, 617-635-4461

MAYOR WALSH LAUNCHES PROGRAMS TO INCREASE ECONOMIC MOBILITY FOR BOSTON RESIDENTS

Boston Builds Credit will raise credit scores for 25,000 Boston residents

 

BOSTON - Wednesday, October 25, 2017 - Mayor Martin J. Walsh today launched a first-in-the-nation Citywide credit building initiative, Boston Builds Credit (BBC), which will help 25,000 Boston residents attain a credit score of 660 or higher by the year 2025 through financial education and one-on-one financial coaching. The program will be launched in Roxbury, and will expand to Dorchester and Mattapan in the following years.

"A good credit score is crucial in today's economy, and Boston Builds Credit gives us real tools to continue our work in addressing income inequality and increasing economic mobility for thousands of our residents," said Mayor Walsh. "The health of a city ultimately depends on the financial health of our residents, and Boston Builds Credit, as well as Bank On Boston, will strengthen our communities by giving our residents more access to career, education and financial opportunities, including homeownership."

This innovative program is a partnership between