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Robert Mahoney of the Bank of Boston
[Bank of Boston proposes mortgage program for low-income families]
Original Airdate: 5/10/1989

Length: 00:03:22
Item Type: newstape - edited story master

Go to full description for this item.

Description : Abstract
David Boeri reports on the Bank of Boston's new mortgage program for low- and moderate-income city residents. Boeri's report includes footage of Ira Stepanian (President, Bank of Boston) and Robert Mahoney (Bank of Boston) 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. Boeri interviews Diana Strother (Roxbury resident), who says that many residents do not make enough money to take advantage of the program. Boeri interviews Leon Wilson (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. Boeri interviews Alvin Wilkins (Boston resident) and Eve Moss (realtor) about housing prices in the area. Boeri also interviews Bruce Marks (Hotel and Restaurant Workers Union). Marks calls the Bank of Boston program a "public relations scam" because it does not truly help low-income residents. Boeri's report includes shots of the Fort Hill condominium complex.

Contributor : Reporter
David Boeri
Format : Tape 6501   Barcode   Script is available.
3/4" cassette 102975 
VHS cassette 105754 
Betacam cassette 105753 
digital betacam cassette 105752 

Subject : Keywords
Banks and banking
Urban poor

Subject : Personal Names
Boeri, David
Mahoney, Robert
Marks, Bruce
Moss, Eve
Stepanian, Ira
Strother, Donna
Wilkins, Alvin
Wilson, Leon

Subject : Corporate Names (Organization names)
Bank of Boston

Subject : Geographic Locations
Roxbury (Boston, Mass.)

Type : Genre
News - Television

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