First Citizens Pledges $6.5B to MA, CA Community Investments
Silicon Valley Bank’s buyer announced the grants and lending set-asides after community groups and housing advocates raised fears investments SVB promised before its failure would be lost.
Rent Control Leaves Housing Advocates in a Bind
Housing advocates know a supply shortage is behind our runaway rents. But their two closest groups of allies sit on either side of the issue, and each see the debate in existential terms.
Personnel File – No. 309
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
From Homebuyer to Homeownership Advocate
MAHA Executive Director Symone Crawford says Massachusetts should live by the words “you can’t continue to do things the same way and expect a different result” as it tries to close its yawning racial homeownership and wealth gaps.
Eastern Bank Commits to 500 ONE Mortgage Affordable Loans
Eastern Bank has agreed to increase its participation in the ONE Mortgage affordable homeownership lending program over a five-year period, doubling its annual loan production.
Symone Crawford Named MAHA’s Next Leader
The Massachusetts Affordable Housing Alliance has named Symone Crawford its next executive director.
MAHA’s Callahan Named MCBC’s Next Leader
Thomas Callahan, the longtime executive director of the Massachusetts Affordable Housing Alliance, has been named the next executive director of the Massachusetts Community and Banking Council.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Community Groups Watch for Effects of Mergers
The mergers and acquisitions transforming the Massachusetts banking industry this year will also have a significant effect on another group: the community development organizations that partner with banks on affordable housing and lending programs.
More Support for First-Generation Homebuyers Will Help Close Homeownership Gaps
Homeownership rates among nonwhite Massachusetts residents are much lower than those of white families. This creates dire implications for generating wealth in communities of color.
