The City of Boston Mayor’s Office of Housing administers the Acquisition Opportunity Program. This program offers developers the opportunity to pre-qualify for a set amount of funding, up to $75,000 per unit. These potential buyers can then become more competitive in the real estate market.

To pre-qualify for the program, development teams must show:

• they have the experience and finances to take part in a project, and

• have the experience to operate properties long-term.

Property owners must:

• keep the tenancies of residents in good standing

• keep affordable rent levels for the units in the property for at least 50 years

• agree to set aside at least 40 percent of the units for low- and moderate-income families

• have investor-owned rental properties that are fully or partially occupied, and

• agree that no tenant in good standing will be displaced from their unit.