Breaking down barriers for first-time and first-gen homebuyers and closing the racial wealth gap!

Partnership for Financial Equity Highlights STASH in New Report on First-Generation Programs

August 10, 2023 – Partnership for Financial Equity released First-Gen Home: A Massachusetts Finanacial Equity Innovation Story today, a report on the emergence of housing assistance programs that prioritize first-generation homebuyers starting in Dorchester with Massachusetts Affordable Housing Alliance's STASH program. Since 2019, the concept has taken off and now there are eleven locations across the country that have first-generation programs.

New Mortgage Lending Report from Partnership for Financial Equity and Woodstock Institute

July 28, 2023 – In June 2023, Partnership for Financial Equity and Woodstock Institute released their Mortgage Lending Matters report. The report found that in 2021 the number of mortgages to Black and Latinx households remained at an all time high in Massachusetts but that Boston is losing homebuyers of color.

Eight Out of Sixty-One CRA Ratings of Massachusetts Banks in 2022 Were "Outstanding"

January 29, 2023 – Of the 61 CRA ratings awarded to Massachusetts banks during 2022, eight (13.1%) were “Outstanding,” according to a report issued today by the Massachusetts Affordable Housing Alliance (MAHA). The share of “Outstanding” ratings is down from 17.6% in 2021, but higher than in the 2015-2017 period.  For federal regulators, the “Outstanding” share was 17.6% (6 of 34 ratings); for the state, the “Outstanding” share was just 7.4% (2 of 27).

MAHA and Mayor Wu Announce Historic Investment to Shrink Racial Wealth Gap, Stabilize Boston’s Communities of Color

Dorchester - Mayor Michelle Wu, standing with members of the Massachusetts Affordable Housing Alliance (MAHA) at the community organization’s office, today announced a historic $106 million commitment to affordable homeownership, focusing on serving first-time and first-generation homebuyers of color. Read Dorchester Reporter article here.

This homeownership commitment from the City of Boston will:

MAHA Announces Eastern Bank’s Increased Participation In State’s Most Affordable Mortgage Plan

BOSTON – February 16, 2022 – Massachusetts Affordable Housing Alliance (MAHA) today announced a 500 loan commitment over a five-year period from Eastern Bank that that will more than double its lending in the Massachusetts Housing Partnership’s ONE Mortgage program. Eastern has been a long-time participant in the program, and MAHA has successfully reached 23,600 low and moderate homebuyers with 60% of those being persons of color through the overall program. Eastern’s goal will be to fund at least 100 ONE Mortgage loans each year from 2021-2025.

MAHA Reaches Milestone of 40,000 Homebuyer and Homeowner Graduates

December 9, 2021 - Dorchester, MA - Just a little over three years ago, MAHA celebrated its 30,000 graduate from its first-time homebuyer and homeowner education classes. This month, after a period of unprecedented growth combined with a pandemic that forced innovations in the delivery of the classes, MAHA is announcing that it has surpassed the 40,000 graduate mark.


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