Partnership for Financial Equity helps financial institutions to stay current on Community Reinvestment Act requirements and engage in important research and timely conversations about investments in low- to moderate-income neighborhoods . Membership donations to Partnership for Financial Equity are a qualified investment under the State’s CRA statute.
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Our Small Business Lending Committee promotes the economic vitality of low- and moderate-income communities with insight, ideas and data designed to encourage small business lending and close racial wealth gaps.
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Our Mortgage Lending Committee works to close the racial homeownership gap and to expand and sustain homeownership in low- to moderate-income neighborhoods.
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Our Responsive Banking Services Committee supports Basic Banking for Massachusetts and addresses emerging issues impacting access to financial services for low- to moderate income households.
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Our CRA Peer Group is a network, resource and voice providing CRA officers an opportunity to respond to regulatory changes, share resources, and elevate best practices.
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Through shared insights, best practices, and innovative strategies, we aim to foster collaboration and knowledge-sharing among community stakeholders, creating a dynamic group dedicated to advancing responsible and equitable community reinvestment strategies.
Read MoreBoston, MA – Over one-third of businesses in the Commonwealth’s Gateway Cities are in low-income tracts but receive just 22.9% of the number of loans from financial institutions, according to a report based on 2022 data released today by the Partnership for Financial Equity. Small Business Lending Matters was prepared by the Chicago-based Woodstock Institute […]
Read MoreOur membership keeps growing. The Village Bank, with full-service offices located in the heart of seven unique villages in Newton and neighboring Wayland and Waltham, the Bank provides area residents and businesses with financial products and services and is the only remaining mutual community bank headquartered in the City of Newton. Kelly Johnson is Vice […]
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“At the Partnership for Financial Equity, our member banks and community organizations are always hard at work making a significant impact in reaching underserved communities in Massachusetts,” said Brook Ames, SVP, General Counsel and Chief Risk Officer for Leader Bank and chair of the Partnership for Financial Equity.
