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.
February 7, 2024 – Of the 66 CRA ratings awarded to Massachusetts banks during 2023, fourteen (21.2%) were “Outstanding,” according to a report by the Massachusetts Affordable Housing Alliance (MAHA). This percentage is substantially above the average percentage of “Outstanding” ratings during the preceding nine years (14.4%). For federal regulators, the “Outstanding” share was 25.0% (10 of 40 ratings, including 5 of 9 the ratings by the OCC); for the state, the “Outstanding” share was 15.4% (4 of 26).
December 30, 2021 - Dorchester, MA - MAHA is announcing today that Shauntelle McKain will become the Director of Homeownership Operations for the Dorchester-based nonprofit organization. McKain will succeed Symone Crawford in that position as Crawford assumes the role of Executive Director at MAHA on January 1, 2022.
“We are very excited to welcome Shauntelle to the MAHA team,” said Symone Crawford. “She will help us continue to grow and provide high quality services to first-time and first-generation homebuyers in Boston and beyond.”
With goal of raising $100 million fund for STASH program, MAHA calls contribution a vote of confidence in the innovative program to stabilize BIPOC families and communities,and create generational wealth.
MAHA’s voter outreach team didn’t miss a beat as we went virtual this year. We talked to 2,269 MAHA-connected voters, giving them vital information about early voting, polling locations, and tracking their mail in ballots. We connected with hundreds of people who want to join our work to ensure development and lending in Boston reflects the needs of our residents. And we generated calls and emails to state representatives and senators asking them to redouble their efforts to move MAHA’s priority legislation.
A big thank you to our dedicated and talented phone bank team!
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