While banks and credit unions are making gains in mortgage lending, they are struggling in the state’s working-class, industrial Gateway Cities. But an expert says they have an edge over their competition.
Isabel Cruz is a familiar face to some in the housing advocacy world from her time at MHP. Now, she’s taking that experience to lead Boston-area CRA work at M&T Bank as it looks to build on the work of the former People’s United Bank.
Boston Mayor Michelle Wu said Friday morning the city plans to offer 150 city-owned parcels and construction subsidies to developers in neighborhoods across the city for the construction of affordable housing.
