
Tug-of-War Brews Over CRA Reforms
Banking trade groups say the latest CRA reform will put smaller lenders at a disadvantage. And advocacy groups think it doesn’t go far enough to help correct redlining’s racial legacy.
Banking trade groups say the latest CRA reform will put smaller lenders at a disadvantage. And advocacy groups think it doesn’t go far enough to help correct redlining’s racial legacy.
NeighborWorks CEO Rob Corley’s childhood in an Irish immigrant family whose “American dream” was suddenly upturned by his real estate developer father’s serious illness gives him a first-hand perspective on his clients’ struggles.
Construction is underway at The Watson in Quincy, as MassHousing has closed on $37.2 million in financing to the WinnCos. and NeighborWorks of Southern Massachusetts, to support the development of 140 new apartments for middle- and lower-income residents.