WGBH Openvault

Ten O'Clock News; Mortgage aid in minority neighborhoods

05/10/1989

David Boeri reports on the Bank of Boston's new mortgage program for low- and moderate-income city residents. President of Bank of Boston Ira Stepanian and Robert Mahoney announcing the new program to the media at a press conference at a Roxbury branch of the Bank of Boston. Boeri reviews the terms of the program. He notes that many houses in the area are not eligible for the program because their sale prices are too high. Interview with Roxbury resident Diana Strother, who says that many residents do not make enough money to take advantage of the program. Interview with Leon Wilson from the Bank of Boston about the terms of mortgages under the program. Boeri notes that the units in the Fort Hill condominium complex are too expensive to qualify for the Bank of Boston program. Interview with Boston resident Alvin Wilkins and realtor Eve Moss about housing prices in the area. Interview with Bruce Marks from the Hotel and Restaurant Workers Union. Marks calls the Bank of Boston program a "public relations scam" if it does not truly help low-income residents with followup steps.


License Clip

View online at the Boston TV News Digital Library

More material is available from this program at the WGBH Archive. If you are a researcher interested in accessing the collection at WGBH, please email archive_requests@wgbh.org.

Untranscribed item: Request Transcription

Series
Ten O'Clock News
Title

Mortgage aid in minority neighborhoods

Series Description

NIGHTLY NEWS WITH CHRISTOPHER LYDON AND CARMEN FIELDS Began January 1976. Replaced evening news show EVENING COMPASS. Original host: Steve Nevas. Other anchors, Christopher Lydon (1977-91) and Gail Harris (1983). In 1980 - hour long. Ended in 1991.

(PREDECESSORS: Louis Lyons began news operations at WGBH in 1952. The News at 10 began in 1966. The Reporters premiered in 1970. The Evening Compass started in 1974.) Series release date: 1/1976

Duration

00:03:30

Asset Type

Broadcast program

Media Type

Video

Subjects
Housing
Urban poor
Banks and banking
Press conferences
Locations
Roxbury (Boston, Mass.)
Boston (Mass.)
Genres
News Report
Topics
News
Contributors
Boeri, David (Reporter)
Citation
Chicago: “Ten O'Clock News; Mortgage aid in minority neighborhoods,” 05/10/1989, WGBH Media Library & Archives, accessed December 10, 2016, http://openvault.wgbh.org/catalog/V_559E75A05E7A4DAAA636727D0ABB8494.
MLA: “Ten O'Clock News; Mortgage aid in minority neighborhoods.” 05/10/1989. WGBH Media Library & Archives. Web. December 10, 2016. <http://openvault.wgbh.org/catalog/V_559E75A05E7A4DAAA636727D0ABB8494>.
APA: Ten O'Clock News; Mortgage aid in minority neighborhoods. Boston, MA: WGBH Media Library & Archives. Retrieved from http://openvault.wgbh.org/catalog/V_559E75A05E7A4DAAA636727D0ABB8494
If you have more information about this item, we want to know! Please contact us, including the URL.