Transforming Legacy: The Massachusetts Insurance Industry’s Billion Dollar Commitment to Community Development
October 24, 2024
Boston, MA – October 24, 2024 – Partnership for Financial Equity unveils its latest report, It Wasn’t So Scary, on the twenty-five year life of the Massachusetts Insurance Company Community Investment Initiative. These two initiatives, one involving life insurance companies and the other property insurers, represent a transformative effort to leverage financial capital for community […]
Read More NewsBank and Community Leaders Celebrate “Elevating Equity” Innovators
October 17, 2024
October 17, 2024 – Partnership for Financial Equity is pleased to announce the winners of our inaugural Elevating Equity awards, designed to recognize outstanding bank-community partnerships reaching low- to moderate-income households. Awards were given in three categories – small business lending, mortgage lending, and banking services. Winning partnerships were the Cape & Islands Veterans Outreach […]
Read More NewsLG Kim Driscoll and Deputy Comptroller Donna Murphy headline Financial Equity Summit 2024
October 11, 2024
If you attended our annual Financial Equity Summit this year, you heard Lieutenant Governor Kim Driscoll talk about centering equity and doing hard things. And Deputy Comptroller Donna Murphy challenging us to “drive positive change.” Our board chair, Brook Ames of Leader Bank, captured the spirit of the event in his opening remarks in Worcester, […]
Read More EventsOur 2024 Financial Equity Summit Is Fast Approaching!
September 18, 2024
On October 1st and 2nd, our third annual Financial Equity summit will take place, as a Zoom webinar on Tuesday the 1st and at Worcester’s Redemption Rock Brewery on Wednesday the 2nd. Registration is now open for the Summit. In Worcester on October 2nd, Lieutentant Governor Kim Driscoll will join us; OCC Deputy Comptroller for […]
Read More News“Dream big!” event brings together nation’s top experts on Special Purpose Credit Programs
September 18, 2024
A packed room of activists, bankers and policymakers were challenged to “dream big” last night as we took a deep dive into an long-underutilized tool to close racial wealth gaps. Attendees heard from some of the nation’s foremost experts on Special Purpose Credit Programs (SPCP) including Patience Malaba from the Housing Development Consortium of Seattle-King […]
Read More EventsPrograms with a Purpose forum on September 17 with The Racial Wealth Gap Partnership
September 02, 2024
Boston, MA – It has been called exciting, innovative, expansive. On July 1st, the Covenant Homeownership Program in Washington state opened for business offering assistance to low-income homebuyers whose families have been harmed by racial discrimination in housing. Register now for this forum, co-sponsored with The Racial Wealth Gap Partnership at The Boston Foundation, as […]
Read More NewsWe are growing again
August 20, 2024
Our membership is growing again. Savers Bank, with more than 100 years of experience offering expansive comprehensive financial services to residents of Southbridge and adjacent communities in central Massachusetts, recently joined Partnership for Financial Equity. April Sterndale is the CRA officer at Savers Bank. And Boston Medical Center has joined as a Community Partner. Boston […]
Read More NewsAnnual Mortgage Lending Matters Report Released
July 24, 2024
Number of Mortgages to Black and Latine Households Remain at Proportional Shares Despite Rising Interest Rate Environment; Racial Gaps in Denial Rates Remain Large, Unyielding Boston, MA – While the total number of home purchase mortgage loans dipped considerably in 2022, Black and Latine homebuyers in Massachusetts received home purchase mortgages that roughly equaled their […]
Read More NewsPFE Welcomes Northern Bank and First Citizens Bank as Members
March 22, 2024
Our membership is growing. Two banks, Northern Bank and First Citizens Bank, have joined Partnership for Financial Equity as new members in recent weeks. Welcome! Founded in 1960, Northern Bank is a Woburn-based institution that has assets of $2.87 billion with 13 locations serving communities throughout Middlesex County. Joanne Fishlin is Head of Compliance Risk […]
Read More NewsBusinesses in Low Income Areas and Neighborhoods of Color Across Massachusetts Receive Fewer Loans Than Peers in 2021; Local Lenders Lead in Year Two of PPP
February 05, 2024
Boston, MA – Businesses in low-income tracts across the Commonwealth receive less than their respective percentage of loans, both in terms of the number of loans and the total dollar amount of loans, according to a report based on 2021 data released today by the Partnership for Financial Equity. Small Business Lending Matters was prepared […]
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