Boston plans for 30,000 new homes by 2020

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 · Mayor Thomas Menino has laid out the details of a proposed plan for building more housing in Boston that, if enacted, will last long past his tenure a.

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This will fast-track the creation of at least 30,000 new starter homes and up to 30,000 market homes on 500 new sites by 2020 – helping deliver the commitment to create 200,000 starter homes.

Mayor Menino’s $16.5 Billion Housing Strategy Calls for 30,000 New Units by 2020 Back in March Mayor Thomas M. Menino unveiled an unprecedented plan to increase the number of new housing units.

Average mortgage amount increases by $20,000 At today’s interest rates (4.5%), for a 30 year mortgage, dropping $20,000 off the cost of a house will lower your monthly payment by $101. For a 15 year mortgage (interest rates would be a bit lower, but in this case let’s still assume 4.5%), dropping $20,000 off the cost of a house will lower your monthly payment by $153. Hope that helps

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Mayor Thomas M. Menino today announced a plan to lay the groundwork for the creation of 30,000 new housing units in the Hub by 2020. In a wide-ranging speech before the Boston Municipal Research.

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 · Sen. Elizabeth Warren has a plan to take on college affordability, and she’s trying to put it in real terms for voters. Last month, the Massachusetts Democrat unveiled her proposal to wipe out.