$8. Not a typo. In last week's Boston Globe Spotlight Team series on race in Boston, this jumped off the screen. $8 is the median net worth of non-immigrant African-American households in the Boston area compared to $247,500 for white households. Other households of color have a net worth ranging from $0 to a high of $12,000. Differences in homeownership rates are the biggest contributor to these sobering figures.
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.
Dorchester, MA — Massachusetts Affordable Housing Alliance (MAHA) incoming executive director Symone Crawford issued the following statement today after President Biden and Congressional leaders released the framework for the Build Back Better Act, which includes significant funding for affordable housing, including a first-generation down payment assistance program inspired by MAHA’s STASH matched savings program for first-gen homebuyers.
May 25, 2021 - Last summer after George Floyd was murdered in Minneapolis, MAHA members, staff and board came together to draft a bold 12 point challenge to close the racial homeownership gap and called it our Homeownership Justice Vision. We formally released that plan in February 2021.
Instead of a single organizational statement as our community and our nation react to the murder of George Floyd in Minneapolis and countless other acts of racist violence in our nation, we asked our staff to share their thoughts and feelings individually. These powerful and painful words serve as MAHA’s collective statement. Black lives matter.
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