MAHA Announces Affordable Mortgage Deal with Santander

December 11, 2017 - Esther Dupie, MAHA's immediate past president, announced tonight at our annual meeting that Santander Bank has agreed to a five-year $265 million commitment to the ONE Mortgage program. Esther and MAHA vice president Thadine Brown welcomed and thanked Gwen Robinson, Santander's Managing Director for Corporate Social Responsibilty and Steve Adamo, US Head of Mortgage Banking.

Esther Dupie stated, "MAHA has had a long and positive relationship with Santander and its predecessor, Sovereign dating back to 1999. We are very pleased to announce tonight that our relationship and Santander’s strong commitment to serving low- and moderate-income buyers in Boston and Massachusetts will continue. We look forward to reaching even more low- to moderate-income homebuyers and closing the racial homeownership gap one buyer at a time.

"We have some of the strongest programs in Boston because it is our headquarters. For years, Santander has been the lead lender in the ONE Mortgage program with MAHA," said Gwen Robinson from Santander. "We provide an affordable loan product that is a partnership between a state agency [Massachusetts Housing Partnership], housing counselors and really helps people buy a home in one of the most expensive markets in the country."

Tonight's announcement is part of a larger “Inclusive Communities” plan, the Bank’s new $11 billion agreement with the National Community Reinvestment Coalition (NCRC) to increase lending, community development, and charitable giving. “Inclusive Communities” was developed with significant input from and collaboration with more than 100 community-based organizations, including MAHA leaders Symone Crawford and Esther Dupie.